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UK - NVM recoups 3x investment from Ithaca exit

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NVM Private Equity has sold Ithaca Business Media in a ТЃ14.25m trade sale to United Business Media Plcт€™s UK-based business information division, CMP Information. The deal realised a return of 3x NVM's original investment, with an IRR of over 60% achieved over the two year investment.

NVM acquired Ithaca, a business-to-business exhibition, events and media group, in April 2005 through a management buyout from Penton Media, a US corporate. Since then, it has increased revenue from its four flagship business-to-business events by 50%.
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