Havas Group acquires India-based health-and-wellness communications agency, Sorento

Press Release: MUMBAI, India, May 24, 2017 /PRNewswire/ — Havas Group is expanding its capabilities and footprint in the important and burgeoning Indian market by adding Sorento to its roster of agencies. Sorento will integrate the Havas Health & You business unit and be rebranded Havas Life Sorento. This strategic acquisition will allow Havas to further develop its regional presence and add to its depth and breadth in India to deliver for global clients.

read more

Ascential sells 11 “heritage” brands to Meropolis International for £23.5m

Press Release: Ascential plc (the “Group” / LSE: ASCL.L), the global business-to-business information company, today announces that it has agreed the sale of the remaining 11 UK-based Heritage Brands to Metropolis International Limited for a consideration of £23.5m, payable in cash and subject to normal working capital adjustments. The sale has completed and the proceeds will be used to reduce Ascential’s net debt. On 5 January 2017 the Group announced that it had separated 13 Heritage Brands into a new operating entity and that these brands would develop an independent business strategy while new owners were sought.

read more

It’s ‘game on’ in the battle for control of Fairfax

Fairfax Media appears extremely close to being declared ‘on the market’ as a new bidder, Hellman & Friedman, entered the auction room on Wednesday night with an indicative offer that trumped the TPG offer already on the table. This could easily mark the start of a bidding war between two US private equity groups, likely to move the 176-year-old media group into foreign hands.

read more

Digital magazine newsstand Readly inks funding

Press Release: Stockholm, Sweden: 17 May 2017: Readly, the digital magazine newsstand, today announced it has raised €13m in additional funding to drive the next stage of its development. The series B funding has been provided by funds managed by Zouk Capital and Hermes GPE as well as from existing shareholders. Channel 4’s Commercial Growth Fund and Aggregate Media Fund have also participated in the round. The company will use the funds to further its international expansion and support growth in its existing markets.

read more

MARK ALLEN GROUP ACQUIRES TES SEN SHOW FROM TES GLOBAL

MA Exhibitions Limited, the exhibition arm of the Mark Allen Group, has completed its acquisition of the UK’s largest special educational needs show, TES SEN Show, from TES Global Limited. Under the terms of the deal, TES Global has agreed to licence its name to MA Exhibitions for an undisclosed period.

read more

Dentsu Aegis Buys media.at in Austria

In Austria, marcoms giant Dentsu Aegis Network has acquired full-service media agency media.at, which provides consulting, research and data analysis relating to comms strategy, ad planning and buying, and ad verification. Terms of the deal were not disclosed.

read more

MCH Group acquires MC2, a leading event marketing service provider in the U.S.

Press Release: MCH Group, a globally leading live marketing company with its head office in Basel (Switzerland) has acquired a 100% holding in MC2 (“MC-squared”), a recognized leader in the and event marketing industry in the U.S. This is by far the biggest acquisition in the 100-year history of MCH Group and a key strategic expansion. “The acquisition of MC2 marks a tremendous step forward in the implementation of our corporate strategy, which we have been pursuing since 2005”, explains René Kamm, CEO of MCH Group. “With MC2, we will be greatly boosting our international presence and activities, as well as expanding our range of services in the live marketing field.”

read more

Dentsu to acquire 89% stake in India’s SVG Media

Japanese advertising giant Dentsu has agreed to acquire an 89 per cent stake in Indian digital agency SVG Media. Dentsu said its subsidiary Dentsu Aegis Network would acquire the stake in SVG Media Group with the option to increase its share to make the Indian company a wholly owned subsidiary

read more

Incisive Media founder Weller and CEO Whiteley lead MBO

Press Release: Investment Week founder Tim Weller and the leadership team of parent Incisive Media have secured a management buyout (MBO), that allows the business to accelerate its growth strategy under long-term private ownership. The MBO was led by Tim Weller, founder and chairman, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley; a team who have worked together in the business for two decades.

read more

Relx offloads New Scientist magazine

Relx has sold leading science magazine the New Scientist as the FTSE 100 group continues its shift away from traditional publishing to data and information services. The magazine, which has a global print and digital circulation of almost 125,000, according to ABC, was bought by Kingston Acquisitions, an investment vehicle led by Sir Bernard Gray, a businessman who previously led a buy out of the Times Educational Supplement from News Corp. The value of the deal was not disclosed.

read more