StockMarketWire.com - Business information and events group Centaur Media has taken over Profile Group (UK) for £8m.
Profile is a specialist digital information business for media, PR and marketing professionals. Centaur has separately secured a £40m four-year revolving credit facility in order to fund its acquisition programme.
Profile (www.profilegroup.co.uk) provides forward planning and contact information to media, PR and marketing professionals to enable them to optimise journalistic workflow and plan future PR and sponsorship campaigns.
Revenues are derived exclusively from subscriptions to a range of digital products which offer complementary services from a single web platform.
Profile's information brands include Fashion Monitor, Red Pages, Entertainment News, Year Ahead and Foresight News.
Profile will become part of Centaur's business information division, alongside digital information and workflow businesses Perfect Information (serving the global corporate adviser market) and VBR (operating in the global clean technology and security sectors).
At 9:14am: (LON:CAU) Centaur Holdings share price was +0.25p at 43.75p
Story provided by StockMarketWire.com
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