Infrastructure Journal has been acquired by EMAP plc
Arrowpoint Advisory is pleased to announce the sale of Infrastructure Journal, an online media business which provides information to the multi-billion pound infrastructure sector, to Emap for 20.3 million.
Infrastructure Journal, founded by Marco Dell'Aquila and Nick Imregi ten years ago, is the most authoritative information and news provider for developers, investors, financiers, lawyers, consultants, government departments and others involved in the infrastructure/project finance arena. Its conferences and events attract only the top players in the market.
The founders considered a sale at the suggestion of Richard Fetterman, Head of Media at Arrowpoint Advisory Partners, who recognised immediately the potential of the business. At his suggestion Marco and Nick, who had been friends since childhood, held a small number of low key meetings with those potential purchasers which, Fetterman believed, were most likely to understand the potential value of the company - rather than undertaking a more conventional and formal sale strategy. This culminated in the founders accepting a 20.3 million offer from Emap.
Marco Dell'Aquila commented: "The Arrowpoint Advisory team's knowledge of the sector and how they presented our business for sale really was first rate - they really understand the market and the acquisition strategies of the large media players. I was also very impressed by how tenacious and pragmatic Arrowpoint Advisory were in leading the negotiations on our behalf and in project managing the deal through to completion."
Commenting on the acquisition, Derek Carter, Chief Executive of Emap Communications, says: "Infrastructure Journal is a great addition to our portfolio of business critical information services. It is highly complementary to our existing brands in the sector and we look forward to working with the team to leverage opportunities to grow and develop the business."
Richard Fetterman, Managing Director at Arrowpoint Advisory, commented: "This was a great deal for all concerned. The founders have a fair price for the business, the staff have a real chance to develop their roles within a leading and respected international publishing group, whilst Emap has a fantastic opportunity to further expand a market leading, global business which is full of potential."