View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. The Wire
  2. Media Mergers
February 24, 2023updated 27 Feb 2023 9:21am

Mark Allen Group expands into Asia and financial services with £6.5m Bonhill purchase

Mark Allen Group continues rapid expansion with Bonhill deal.

By Dominic Ponsford

Expanding UK B2B publishing group Mark Allen Group has made a major move into financial services with the £6.5m purchase of Bonhill Group.

The UK, Singapore and Hong Kong-based brands in the deal include: Bonhill Create, Portfolio Adviser, Expert Investor, International Adviser, Fund Selector Asia and ESG Clarity.

Bonhill’s US business Investment News is being sold separately.

Privately owned MAG claims to be the UK’s fastest growing independent media company with £60m turnover and pre-tax profit up 54% to £9.4m in the year to 31 March 2022.

Mark Allen said: “This is a very significant acquisition for us. We are inheriting some fantastic brands, which we aim to develop further with the help of an excellent and professional team of around 50 people globally.

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

“Wealth management and financial services is an area of considerable interest and will add to the array of sectors in which we operate. The acquisition also gives us a foothold in Singapore and Hong Kong, an area of the world where we have long wanted to have a presence.”

Content from our partners
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it
Impress: Regulation, arbitration and complaints resolution

This is the fourth deal MAG has undertaken this financial year. The first was Regen, an exhibition, conference and networking event for the regeneration industry based in Liverpool. This was followed by the acquisition of EMEX, a net zero and energy management expo. The last purchase in November 2022, was Sterling Events, another Liverpool-based company, which runs two exhibitions: Health and Wellbeing at Work and Primary Care and Public Health.

In 2019 MAG bought Farmers Weekly from Reed Business Information and The Engineer from Centaur.

Topics in this article :

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network