Vivendi Universal Publishing sells professional & health info units.Vivendi
VIVENDI® is a software package for care management and staff organisation published by the German software company CONNEXT and introduced in 1995. Universal Publishing (VUP (VAX Unit of Performance) A unit of measurement equal to the performance of the VAX 11/780, the first VAX machine. VUP - VAX MIPS ; Paris) has sold its healthcare and business publishing activities to three investment firms, including Cinven Cinven is a European private equity firm founded in 1977 with offices in London, Paris, Frankfurt and Milan. The Third Fund, which closed in 2002, raised €4.4bn. Cinven is solely focused on European acquisitions and buyouts, with investment coming from over 100 institutional (London), Carlyle (London) and Apax (Paris), for EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.2 billion with deferred considerations based upon the performance of the operations. The deal was made through two holding companies: Approvia for the business publishing and Santemedia for the healthcare activities. The total value of the transaction is between EUR 1.5 and EUR 1.6 billion. In parallel with the deal, VUP parent Vivendi Universal will acquire 25% of the two holding company's capital stock, along with Cinven (37.5%), Carlyle (28%) and Apax (9.5%). VUP said that its business publishing activities are market leaders in France, comprising 70 titles with 1.5 million subscribers and 86 trade fairs. The business has 2545 employees and had 2001 revenues of EUR 500 million. The healthcare publications division is the third largest in the world and focuses on four principal areas, medical promotion, medical press (Masson; Doyma), including Le Quotidien Le Quotidien is a daily newspaper in Saguenay, Quebec. The paper is owned by Power Corporation's Gesca division. External links
• du Medicin and Jano, scientific journals and publications (Vidal), and consumer medical guides and magazines (Staywell). |
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