Reed Elsevier's £1.25bn trade magazine ...

Mon, 21 Jul 2008

Reed Elsevier's £1.25bn trade magazine division is said to have attracted interest from private equity firms such as Bain Capital, TPG Capital, Candover, Cinven, Permira, Advent International and Providence Equity Partners. RBI is the biggest business-to-business publisher in the U.S. with 2,500 employees and 80 magazines. Reed is offering to lend around £160m to the successful bidder. A further £560m – 3.5 times the division's underlying earnings of £160m – will be offered as a loan by banks.