Fighting for quality news media in the digital age.

  1. News
December 8, 2008updated 13 Dec 2008 6:19pm

Bain Capital favourite to take Reed Business Information

By martinabooth

US buyout firm Bain Capital is reportedly now the favourite to buy the business-publishing arm of Reed Elseiver, after private equity-firm Texas Pacific Group pulled out of negotiations this weekend.

Reed Elsevier announced in February that it was looking to sell Reed Business Information (RBI), which publishes New Scientist and Farmers Weekly.

However, The Sunday Telegraph reports that the sale of RBI ‘is far from being concluded” as Reed Elseiver’s management remain unhappy about Bain Capital’s conditions relating to the sale, some of which could tie key executives to RBI for a number of years.

You've reached your limit of free articles

Please register now to continue reading

Already registered? Log in here
Websites in our network