ABN AMRO sells The Publican

ABN AMRO Capital portfolio company QBM Group, the UK publishing and exhibitions group, has sold its licensed trade sector publishing and events assets to United Business Media for £21m. ABN AMRO Capital will receive £6.5m from the sale and will continue to own 51% of the remaining assets, to be renamed Quantum Media Group Limited, with titles including the Publican, Media Week and Press Gazette.

ABN AMRO Capital invested £6.3m in the £20.5m management buyout of QBM Group, then known as Quantum Publishing, from the Peninsular & Oriental Steam Navigation Company (P&O) in July 2000.

ABN AMRO Capital will receive £6.5m from the sale and will retain 51% of the remaining assets, to be renamed Quantum Media Group Limited, with titles including Media Week and Press Gazette.

Ian Taylor, UK Head of ABN AMRO Capital, said: “The business to business media sector is now growing and trade buyers have been active. 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. QBM’s licensed

trade assets have developed strongly under our ownership and we wish the business all future success under new ownership.”