UBM to acquire Theme magazine and Bar Show
- Details
The purchase price is £5m million in cash. Theme and Bar Show generated £2.1m of revenue and £0.6m of EBITA in the year to end of June 2004. The proposed acquisition should be earnings enhancing in its first 12 months and is expected to exceed UBM's hurdle rate of return in its first year. The transaction is subject to approval by the OFT.
These businesses will report into Bernard Gray, CEO of CMP Information (CMPi) and United Advertising Publications (UAP). Gray said: "These leading publishing ass