February 1, 2013
GCA Altium acted as financial advisor to Reed Elsevier Group on the sale of its Italian business Elsevier Srl to LSWR Srl.
Reed Elsevier is a world leading provider of professional information solutions in the Science, Medical, Risk, Legal and Business sectors. Elsevier had built its presence in the Italian medical and scientific publishing market, thanks to major acquisitions such as Masson, a well-established company in scientific and medical publishing and drug information systems, and Edra, a leading company in digital and healthcare solutions. The Italian subsidiary Elsevier Srl had consolidated sales in 2012 of around €20m, with an adjusted EBITDA of over €3m.
LSWR has been founded by two experienced professionals in Italian publishing: a manager, Giorgio Albonetti, now Chairman at LSWR, and an entrepreneur, Roberto Frassinelli, Managing Director. LSWR will manage Healthcare publishing, communication and training solutions in Italy through Edra brand.