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Private Equity Groups Emerge as Reed Business Information Suitors

Permira is latest on growing list of potential bidders.

Jason Fell FolioMag.com
03/07/2008

It appears there may be another possible bidder for Reed Elsevier’s Reed Business Information.

International private equity firm Permira has emerged as a potential suitor for the trade magazine publisher, according to a report [1] in the London Times. Permira joins a growing list of potential suitors, including Providence Equity Partners, Cinven and Apax Partners. Apax owns Incisive Media and recently acquired Emap’s b-to-b group for $2 billion through a partnership with the Guardian Media Group. Apax and Incisive also bought U.S.-based ALM [1] last year for $630 million.

Last month, Reed Elsevier announced its planned divestiture of RBI [1] as part of the company’s preliminary financial results statement for 2007.

Industry observers put an RBI sale at about $2-2.5 billion [1]. Other suitors could include Court Square Ventures (formerly Citigroup Venture Capital) and Bain & Company.


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http://foliomag.com/2008/private-equity-groups-emerge-reed-business-information-suitors

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