UK - Apax launches bid to delist unquote" publisher Incisive Media

Apax Partners has made an offer to acquire global B2B publisher Incisive Media Plc. The deal, which has been recommended by the independent directors of the business, values the London Stock Exchange-listed company’s shares at £199m, and offers shareholders 195p per share in cash. Well-known in the private equity industry as publisher of unquote", Incisive Media also owns the Asian Venture Capital Journal in Hong Kong. The company’s other titles include Risk, Energy Risk, Investment Week and Credit. The fast growing specialist business information provider fits with Apax's experience in the media sector with Stephen Grabiner of Apax remarking "it is clear our long-term growth strategies are aligned."