Guardian-owned magazine business Ascential floats for £800m

the magazine business jointly owned by The Guardian’s publisher and private equity group Apax, has floated at 200p a share, giving it a market cap of around £800m. Guardian Media Group, which owns around a third of the business, and Apax, which owns two-thirds, will sell a 25pc stake in the company with shares priced between 200p and 210p.

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Top Right Group rebrands to Ascential

The rebrand follows the completion of the three-year turnaround of the group which began in 2012, and signals a clear purpose for the future of the group which is now focused on two key areas: Exhibitions & Festivals and Information Services

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Emap parent company Top Right: no breakup before 2017

The chief executive of business-to-business publisher Top Right has said there will be no breakup of the company until at least 2017. Duncan Painter said Top Right, formerly Emap, which owns assets including the Cannes Lions International Festival of Creativity, fashion data firm WGSN and magazines including Retail Week and Drapers, would not be looking […]

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Professional Beauty

Mark Moloney has bought back the portfolio of Professional Beauty shows from Emap. Moloney had set up Total Beauty Show to launch at Excel on similar datelines to Professional Beauty in February 2011. EMAP bought Professional Beauty and 5 other events for £19m from Moloney in 2006. No details of the transaction were released.

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