ABN AMRO gains from QBM sale

The business-to-business media sector is growing, and trade buyers have been active. ABN AMRO Capital will receive £6.5m from the £21m sale of QBM Group’s licensed trade sector publishing and events business. ABN AMRO invested £6.3m in the £20.5m buyout of QBM Group, then known as Quantum Publishing, from the Peninsular & Oriental Steam Navigation Company (P&O) in July 2000.

It will continue to own 51% of the remaining assets, to be renamed Quantum Media Group Ltd, with titles including Media Week and Press Gazette. “Discussions with potential buyers made it clear that the best value would be achieved by selling individual assets to buyers for whom they represented a strategic purchase,” said Ian Taylor, UK head of ABN AMRO Capital. “QBM’s licensed trade assets have developed strongly under our ownership and we wish the business all future success under new ownership.”

ABN AMRO specialises in mid-market buyouts, expansion capital and public-to-private deals. Total funds under management at September 30 2004 were €2bn, of which €1.86bn is provided by ABN AMRO Since the beginning of last year, the firm has completed 13 buyouts with an aggregate deal value of €2.8bn.