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Incisive Media purchases Asian b2b publisher.

Incisive Media (London), a business information provider operating in eight core markets, financial risk management, retail investment, insurance, mortgage, capital markets/financial IT, marketing, photography and private equity, has agreed to acquire the entire share capital of AVCJ Group Ltd. (Hong Kong), a producer of information for the Asia-Pacific venture capital, private equity and M&A markets, for an initial consideration of $6 million and deferred earn-out consideration capped at $9 million payable over three years, subject to performance targets.

AVCJ produces magazines, newsletters, conferences and directories for its target markets, including "Asian Venture Capital Journal," a weekly title that carries information on venture capital activities in the Asia-Pacific region, "M&A Asia," a magazine published 22 times a year to cover Asian acquisitions, mergers and joint venture activities, "Private Equity Asia," a monthly magazine that concentrates on buyouts, growth capital, company investing and distressed debt, and "Chinese AVCJ," published 22 times a year in Simplified Chinese for 10,000 officials, venture capital professionals, entrepreneurs, investment banks and consultants in China's venture community. All four titles have paid circulations.

AVCJ also produces industry conferences and forums, regional and national private equity and venture capital research reports, and directories and databases. AVCJ had 2005 revenues of $3.3 million and a profit before taxes of $1 million. The company had gross assets of $1.9 million and net assets of $1.1 million.

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/Speciatist ("British Journal of Photography," "Hedge Funds & Investment Technology," "Inside Market Data," etc.).
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Publication:Business Publisher
Date:Jun 17, 2006
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