11 January 2013. Reed Business Information ("RBI") announced today that it has agreed to sell Reed Business Information Australia ("RBI Australia") to Catalyst Investment Managers Pty Ltd ("Catalyst"). Terms were not disclosed. A new company, owned by funds managed by Catalyst will acquire the company.
The decision to sell the business reflects RBI's increasing focus on paid content models and data services. RBI's construction information data business, Cordell, is to be retained. RBI Australia is the country's largest business to business media company, with a diverse portfolio of publications, websites and online industry portals providing information to professionals in a wide range of industries. It publishes print titles, associated websites and e-newsletters including Australian Doctor, Money Management, Pharmacy News, Australian Mining, Manufacturers Monthly, Lawyers Weekly, Travel Weekly and B&T Magazine. It also owns and operates online directories including ferret.com.au, hotfrog.com.au, gohospitality.com and infolink.com.au.
About Reed Business Information
Reed Business Information brings market leading brands to an audience of millions of decision makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions to the science, medical, legal, risk management, and business to business sectors.
About Catalyst:
Catalyst Investment Managers is a leading Australasian private equity firm. Catalyst has completed 39 MBOs in Australia and New Zealand with a combined enterprise value of A$3bn.
Catalyst makes investments in market leading businesses, with excellent management, robust cash flows and strong growth prospects. Catalyst has developed significant experience in investing in a wide range of industries in Australia and New Zealand including mining services, retail, building products, packaging, media and other industrial sectors.