UK - Emap auction nears final stages
Apax Partners is understood to be the front-runner in the race to acquire Emap's B2B publishing division. Apax's offer includes financing from Guardian Media Group. Apax owns a substantial minority stake in Auto Trader publisher Trader Media Group, which is majority-owned by Guardian Media Group. Apax also owns B2B publisher Incisive Media. The transaction is expected to value the division at between £1.2bn and £1.4bn.
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