Political Holdings, a media company owned by Lord Ashcroft, has agreed a £4.5m deal to buy Politics Home and several other assets from Merit Group, which counts Lord Ashcroft as its largest shareholder.
The deal marks an expansion for Political Holdings – which already owns Conservative Home, Biteback Publishing and Campaigns and Election, a service for campaign professionals – and a restructuring for Merit, which will now focus on “business intelligence”.
Political Holdings is a private company owned by Lord Ashcroft. As of June, Lord Ashcroft (pictured) owned a 42% stake in the publicly-listed Merit Group, formerly known as Dods Group.
Under the deal, Political Holdings will be acquiring Politics Home, as well as magazines for Westminster (The House), Edinburgh (Holyrood) and Brussels (The Parliament). Other titles acquired will include Civil Service World, Training Journal and Public Technology.
Political Holdings will also buy several events under the Dods brand, including Women in Leadership, Civil Service Live and the MEP Awards, as well as its growing training business.
Source: Press Gazette
Deal size: £4.5m
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