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May 15, 2008

Charterhouse is carved up for buyers

By Press Gazette

Business to business publisher Charterhouse Communications has been carved up and sold off to a number of companies following a downturn in its fortunes.

The Wealth division, which publishes Company Refs, Company Guide and The Corporate Register were sold to Capital Ideas Financial Publishing, a subsidiary of Capital Ideas, for £195,000.

Capital Ideas has not taken on any of Charterhouse’s liabilities in the transaction. IIS Shares, which publishes Investing for Growth, was also sold to Capital Ideas.

Capital Ideas chairman, Renwick Haddow, said: ‘The ex-Charterhouse brands are very strong ones with more than 5,000 subscribers. This transaction will provide synergies and distribution opportunities for Capital Ideas’ other business interests, including its newly formed financial products business, to be launched shortly.”

The mortgage stable of What Mortgage and Mortgage Finance Gazette, was sold to Metropolis International Group, which also publishes The Trader, a stock-buying magazine and Record Collector, its long-standing music-buying title.

Mortgage Introducer and Commercial Finance Introducer were sold to Teaching Recruitment UK.

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