Maxim owner casts eye over Emap magazines

United Kingdom

Daniel Farey-Jones

September 05, 2007

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Maxim owner casts eye over Emap magazines

LONDON - Quadrangle, the private equity company that bought Maxim in June, has expressed interest in Emap's £700m consumer magazine division, according to reports.

The Times Online reports that Quadrangle is one of the companies which has asked for information on the division from the banks handling the sale, which may result in a disposal of all parts of Emap.

The Times also cited sources claiming Veronis Suhler Stevenson, another private equity group, has requested information on all three Emap divisions.

The business-to-business division, valued at about £1.3bn, has received interest from UBM, Guardian Media Group and Apax, while the £400m radio division has received interest from trade buyers Global Radio and GCap Media.

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