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Incisive Media acquires MSM International.

Incisive Media (London), the producer of magazines and other information products for the financial services, risk management, insurance, legal and marketing markets, has agreed to acquire MSM International Ltd. (London), a publisher of weekly and monthly financial services magazines, for 22.5 million [pounds sterling], including 18.1 million [pounds sterling] for the business and an additional payment for net assets, including cash. The purchase price is subject to adjustment but shall not exceed 23 million [pounds sterling] ($45.3 million).

MSM publishes two weekly magazines, "Professional Advisor" and "Professional Pensions," and six monthly magazines, including "Employee Rewards & Benefits," "Global Pensions," "ICFA Magazine," "Mortgage Magazine," "Shares" and "Retirement Planner." The company also produces related newsletters, handbooks and online resources. Its 11 annual conferences/exhibitions are held in both the U.K. and the U.S. For the year ending March 31, 2006, MSM had a profit before taxes of 1.4 million [pounds sterling] on revenue of 8.6 million [pounds sterling] and reported assets of 3.7 million [pounds sterling].

Incisive Managing Director Nick Rapley said the acquisition of MSM allows his company to "offer a broader coverage of the asset management industry, notably the pensions and wider retail investment markets.... Incisive Media will further invest in (MSM) titles to develop their proposition and take advantage of the changing dynamics of the pensions markets in particular."

Incisive Media operates four main divisions: Financial Services ("Investment Week," "Private Equity Europe," International Investment," etc.), Risk Management ("Risk," "Energy Risk," "FX Week," etc.), Insurance & Legal ("Reinsurance," "Professional Broking," "Insurance Age," "Legal Week," etc.) and Marketing/Specialist ("British Journal of Photography" "Hedge Funds & Investment Technology," "Inside Market Data," etc.). In June of this year, Incisive purchased AVCJ Group Ltd. (Hong Kong), a producer of magazines, conferences and related information products for the Asian venture capital and private equity markets. And in April, Incisive bought the Centre for Interactive Financial Training (London).
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Publication:Business Publisher
Date:Dec 1, 2006
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