EdRip and BNP Paribas to back RBI spinout

The transaction is designed to help RBI's current management team to take its independence from the Reed Elsevier group. The transaction would also include Reed's Spanish businesses Maninvest & Construdatos as part of the new holding.

EdRip would invest from the Winch Capital 2 fund, which closed on €250m in 2009. The GP is familiar with corporate spin-offs, having notably taken a minority stake in the management buyout of French advertisement technology specialist Groupe Defi through the Winch 2 fund in September last year.

Company
RBI is a business-focused media group operating a call-for-tenders platform (DoubleTrade), business press publications (Stratégies, Direction[s], CosmétiqueMag, Coiffure de Paris), a professional training solution (Comundi) and a practical guides publishing platform (Prat éditions, ESF éditeurs).

RBI dates back to 1990 and employs 350 staff. It posted a €62m turnover in 2010.

People
Pierre-Yves Poirier, Laurent Tourtois and Tanguy Tauzinat worked on the deal for EdRip. BNP Paribas was represented by Jean-Charles Moulin and Delphine Larrandaburu.

Advisers
Equity – Paul Hastings, Pascal de Moidrey, Edith Boucaya, Florian Brechon (Legal, tax); Accuracy, Arnaud Lambert, Jean-Alexandre Privesse (Financial due diligence); AMR International, Denzil Rankine, Florent Jarry, Aziz Naitraiss (Commercial due diligence).

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• Topics
• France
• Buyouts
• Media
• Andera Partners
• BNP Paribas