Making the headlines

Article Abstract:

The leveraged buyout of Le Figaro by US equity house Carlyle Group and leading French press group Socpresse was supported by the Royal Bank of Scotland Leveraged Finance Group France. It was established that the sale of a minority stake in Le Figaro would make it possible to complete the debt reduction programme and allow Socpresse to have sufficient resources for further development. The acquisition structure allowed Socpresse to remain in control of Le Figaro while guaranteeing the newspaper's editorial independence. Carlyle will hold genuine power of control over the management of Le Figaro group.

Acquisitions Analysis-Financing, Acquisitions and mergers, Financial analysis, Carlyle Group L.P., Le Figaro, Socpresse

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Aiming to make the headlines

Article Abstract:

Colin Rowley joined Southern Newspapers as financial director in 1991 and has overseen a continuous increase in yearly turnover with pre-tax profits predicted for 1996 of 7.2 million pounds sterling. Southern Newspapers has also been involved in acquiring several local newspapers and magazines as well as moving to a new prestigious office site in 1996. Rowley remains unconcerned about competition from electronic media which he considers to be unprofitable at present.

PRINTING AND PUBLISHING, Printing & Publishing, Management, Interview, Company Profile, Rowley, Colin, Southern Newspapers Inc.

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Headline deals in the media

Article Abstract:

There were some very significant management buyout deals in the UK media sector in 1996. These included the purchase by Kohlberg Kravis Roberts of Westminster Press from Pearson for 305 million pounds sterling and the 28 million pounds sterling buyout of academic book publisher Routledge. National Publishing Group purchased Her Majesty's Stationery Office, while MCB University Press was bought by its managers.

Book publishing, Book Publishers

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