July 1, 2013
GCA Altium acted as financial advisor to Reed Business Information on the sale of Reed Business Information Italy to BVMultimedia.
Reed Business Information (RBI) brings market-leading brands to an audience of millions of decision-makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world-leading provider of professional information solutions to the science, medical, legal, risk management, and business to business sectors.
RBI Italy is one of the country’s most important publishing and business to business services companies, employing about 170 people in offices of Milan, Parma and Bassano del Grappa. It generates annual sales in excess of €18m in three business areas. These include: (a) publishing, with 13 market leading magazines and their respective websites; (b) Telemat, the division which monitors 70,000 Italian public tenders; and (c) Mimesi, which provides printed and digital press review services and advanced analysis of reputation on the internet.
BVMultimedia was founded by Roberto Briglia, now Chairman, and Gianni Vallardi, CEO, two renowned managers in Italian publishing, with long-term experience and a strong reputation in the industry. BVMultimedia will manage its new business in Italy through the Digital Business Information (DBInformation) brand.