Last checked at 1 Jun 2010 10:00
1 June 2010
Centaur Media plc
('Centaur' or 'the Group')
Centaur Media plc Acquires Taxbriefs
Centaur Media PLC ("Centaur"), the specialist business and special interest media group, is pleased to announce that it has acquired the entire share capital of Taxbriefs Holdings Ltd (Taxbriefs) for a consideration of £1.9 million, payable in cash.
Taxbriefs is a leading provider of tax information and advice to the retail financial products community. It produces a variety of paid for financial publications and content-based marketing support materials for independent financial advisers (IFAs), life and pension companies, financial examination providers and tax specialists. Taxbriefs also organizes a number of technical conferences.
Geoff Wilmot, Chief Executive of Centaur Media plc, said:
"Taxbriefs has established an excellent reputation over many years as a supplier of high need content to the IFA community. We are very excited by the opportunities that this acquisition is expected to bring. Under Centaur's ownership, Taxbriefs will enjoy significant marketing advantages through its association with Centaur's market-leading brand Money Marketing. In addition, following the recent launch of the Money Marketing Academy, the acquisition of Taxbriefs strengthens Centaur's position as the leading provider of specialist information to support IFA training and professional development in the more demanding environment which is being introduced by the recent Retail Distribution Review."
Completion of this transaction took place on 28th May 2010. The acquisition is expected to be earnings enhancing in its first full financial year.
Enquiries:
| Centaur Media plc | Geoff Wilmot Mike Lally | Tel: 020 7970 4506 |
| Kreab Gavin Anderson | Robert Speed Anthony Hughes | Tel: 020 7074 1800 |
Notes to Editors Centaur serves a dozen vertical market communities through a broad-based portfolio of market-leading media brands, comprising 27 online products or services, 21 magazines (including 7 weekly publications) and over 100 events
Centaur reports its results within 5 distinct business sector segments. These are Marketing and Creative Segment, which includes the brands Marketing Week, New Media Age, Design Week and Creative Review; Legal and Financial Segment, whose key brands are Money Marketing, The Lawyer and Headline Money; Engineering and Construction Segment, ,which includes the brands The Engineer and Homebuilding and Renovating; Perfect Information ( financial information and workflow solutions for the corporate investment advisory community) and General Business Services Segment ,including the brands Employee Benefits, The Recruiter, Logistics Manager and Business Travel.