Centaur Media / Northstar Travel Group
Cavendish advises Centaur Media on the sale of four businesses as part of a Strategic Divestment Programme
Cavendish Corporate Finance (“Cavendish”), the UK’s leading sell-side mid-market M&A adviser, has advised Centaur Media Plc (“Centaur Media”), the international market intelligence and specialist consultancy, on the disposal of four of its non-core businesses, as part of the divestment process that began after Centaur Media concluded a strategic review in October 2018 and decided to focus on its leading brands to improve operational execution.
Linda Sullivan, Partner and Head of Media and Digital at Cavendish commented:
“We are delighted to have advised Centaur Media on the sale of these four businesses as part of Centaur’s strategic divestment programme.
The businesses attracted interest from a number of large media groups and were sold to strategic buyers from the USA, Germany and the UK. All the transactions were completed concurrently and within a relatively short time.”
“The Cavendish team of Jon, Chris, Chirag and Soben steered the process from start to finish and were instrumental in bringing this transaction to a successful conclusion with the right partner in the form of Naviga. The sale of Miles 33 to Naviga marked a successful exit for the financial investors and provides management with a larger platform to grow the business.”
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