Last checked at 1 May 2019 07:00
1 May 2019
Centaur Media Plc
Centaur completes disposal of HR business to DVV Media International
Centaur Media Plc ("Centaur" or the "Group"), an international provider of business information and specialist consultancy, announces that yesterday it completed the sale of Centaur Human Resources Limited ("CHR").
CHR, whose brands include Employee Benefits Live, Employee Benefits Connect and the Forum for Expatriate Management, has been bought by DVV Media International Limited, for a cash consideration of £5m (subject to customary post-completion adjustments).
The disposal is part of the divestment process that began last October after Centaur concluded a strategic review and decided to focus on its leading brands to improve operational execution. The Group has also sold its financial services business for £5m.
Discussions about other assets are continuing and Centaur expects to make further announcements in due course. As previously disclosed, Centaur will consider the best use for the sale proceeds once the divestment process is complete.
Enquiries
Centaur Media Plc
Andria Vidler, Chief Executive Officer | 020 7970 4000 |
Swag Mukerji, Chief Financial Officer |
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Teneo |
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Paul Durman/Rebecca Hislaire | 020 7420 3144 |
Note to editors
Centaur
Centaur is an international provider of business information and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact.
Leading brands include: Econsultancy, Marketing Week, Festival of Marketing, MarketMakers, Creative Review, Influencer Intelligence, Fashion & Beauty Monitor, The Lawyer and Oystercatchers.