LONDON : UK business media group Ascential is attracting interest for its consumer data unit from buyout firms including Apax and BC Partners, four people familiar with the matter said, with investors attracted by steady revenue from its subscription services.JPMorgan Chase & Co. is advising Ascential on
LONDON : UK business media group Ascential is attracting interest for its consumer data unit from buyout firms including Apax and BC Partners, four people familiar with the matter said, with investors attracted by steady revenue from its subscription services.
He also said Ascential would list its digital commerce business in the United States, while keeping its events unit in London. A report in the Financial Times in January suggested WGSN could be valued at 16 times expected 2023 earnings before interest, tax, depreciation and amortisation or 800 million pounds including debt, in part driven by its high margins and steady subscription-based earnings.
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