M&A Deal Summary

UBM Acquires Aprovia SA

On July 21, 2003, UBM acquired publishing company Aprovia SA from Cinven, The Carlyle Group and Apax for 79M GBP

Acquisition Highlights
  • This is UBM’s 3rd transaction in the Publishing sector.
  • This is UBM’s 4th largest (disclosed) transaction.
  • This is UBM’s 1st transaction in France.

M&A Deal Summary

Date 2003-07-21
Target Aprovia SA
Sector Publishing
Buyer(s) UBM
Sellers(s) Cinven
The Carlyle Group
Apax
Deal Type Add-on Acquisition
Deal Value 79M GBP
Advisor(s) Ashurst (Legal)

Target

Aprovia SA

Paris, France
Aprovia SA is a UK construction publisher and event organiser.

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Buyer(S) 1

Buyer

UBM

London, United Kingdom

Category Company
Founded 1918
Sector Business Services
Employees5,000
Revenue 770M GBP (2015)
DESCRIPTION

UBM is a global events-led marketing service and communications company helping businesses do business by bringing the world’s buyers and sellers together at events, online and in print. UBM was formed in 1918 and is based in London.


DEAL STATS #
Overall 4 of 19
Sector (Publishing) 3 of 3
Type (Add-on Acquisition) 3 of 13
Country (France) 1 of 1
Year (2003) 2 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-21 Aprovia UK

Windsor, United Kingdom

Aprovia UK is the owner of UK construction publisher and event organizer "The Builder Group", and "Barbour Index";, the information services provider to professionals in the UK construction and health and safety sectors.

Buy £79M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Quantum Business Media

Croydon, United Kingdom

Quantum was a publisher of B2B magazines and organiser of exhibitions. Its main sectors were hospitality, in which it published The Publican Newspaper and organised The Restaurant Show, and Media, in which is published Media Week and Press Gazette and was the organiser of The British Press Awards. It also published a number of B2B magazines which were leaders in niche but mature sectors. It employed 200 staff in its offices in Croydon, UK.

Buy £33M

Seller(S) 3

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 65 of 127
Sector (Publishing) 6 of 10
Type (Add-on Acquisition) 14 of 31
Country (France) 2 of 11
Year (2003) 3 of 3
Size (of disclosed) 21 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-27 Frans Bonhomme

Joué lès Tours, France

Frans Bonhomme is a provider in the distribution of plastic pipes and fittings. Frans Bonhomme was founded in 1935 and is based in Joué lès Tours, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-01 Springer Science + Business Media KG

Berlin, Germany

Springer Science+Business Media Deutschland GmbH is a publisher of scientific research journals in Science, Technology and Medicine (STM) and a publisher of STM books. Springer is also a specialist information provider in German-speaking countries. The group publishes around 2000 journals and more than 6,500 new books per year

Buy €1.1B
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 20 of 481
Sector (Publishing) 3 of 8
Type (Add-on Acquisition) 11 of 198
Country (France) 2 of 22
Year (2003) 4 of 8
Size (of disclosed) 105 of 136
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 The Aerostructures

Nashville, Tennessee, United States

The Aerostructures Corp. is a worldwide designer, manufacturer, and assembler of large aerostructure components for commercial and military planes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 eScreen

Overland Park, Kansas, United States

eScreen, Inc. provides comprehensive pre-employment screening services to local, regional and national employers throughout the United States, including drug testing services and background checks.

Buy -
SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 5 of 172
Sector (Publishing) 1 of 5
Type (Add-on Acquisition) 3 of 60
Country (France) 2 of 18
Year (2003) 1 of 1
Size (of disclosed) 41 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-27 Frans Bonhomme

Joué lès Tours, France

Frans Bonhomme is a provider in the distribution of plastic pipes and fittings. Frans Bonhomme was founded in 1935 and is based in Joué lès Tours, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-25 Iris Financial Engineering Holdings

San Francisco, California, United States

Financial trading systems.

Buy -