Private equity firm Catalyst set to acquire RBI Australia
The publisher of magazines including B&T, Australian Doctor and Australian Mining is set to be sold to private equity firm Catalyst Investment Managers.
B&T reports that an internal staff email says that the sale of Reed Business Information’s Australian operation should be completed in about the next three weeks.
CEO Jeremy Knibbs told staff the move would create “no shocks or radical changes” with the current management team staying in place.
The sale of RBI by parent group Reed Elsevier has been in the offing for a year.
Catalyst’s previous investments have included underwear company Pacific Brands (which it owned from 2001 to 2004); Just Group – which includes Just Jeans and children’s stationer Smiggle (2001 to 2004), Goldfield Turkeys (1995 to 2003) and air conditioning company Atlas (1996 to 1999). Current investments include refrigeration components manufacturer Actrol, boat fleet Bhagwan Marin, outside broadcast firm Global TV and food distributor Maraitis.
Linkedin
I read an article about this in The Australian.
Did it include the global Hotfrog business in the price, or was the sale just for all the Australian businesses?
User ID not verified.
All of it ……I did not know Hotfrog was a global business – thought it was an AD word steal, think it’s on it’s last leg, funny acquisition for these boys, they don’t seem to have any print in their portfolio….
User ID not verified.