Centaur Media, the publisher of The Lawyer and Mortgage Strategy, is set to implement a review of the business which may result in an MBO.
Centaur is thought to be on the verge of appointing advisers to handle the strategic review and JPMorgan Cazenove looks likely to be the preferred choice according to industry sources.
Centaur's founder and non-executive chairman, Graham Sherren, is thought to be disappointed that the shares have dropped from 155p 12 months ago to 82p recently.
The group currently has a value of £118m with 5.9% of the shares owned by Sherren.
Any review could spark bid interest in Centaur and may lead managers to make their own offer for the company.
