Business-to-business publisher Incisive Media has sold magazine titles including Insurance Post, Central Banking and Risk.net in a £120m deal.
Incisive has sold its “insight group”, which generates revenues of £40m and also includes risk technology specialist Chartis and Waters Technology, to French B2B firm Infopro Digital.
The company’s business division, which includes Investment Week, Professional Adviser and Professional Pensions, has not been affected by the deal.
UK-based Incisive has been backed by private equity company Alchemy Partners since 2014, while TowerBrook Capital Partners is invested in Infopro Digital.
Arma Partners advised Incisive on the deal. Private equity sources said the deal, after a competitive auction process, was worth in the region of £120m.
The insight group has more than 350 employees across the world, with offices in London, New York and Hong Kong.
Incisive chief executive Tim Weller said: “The insight group, the largest division of Incisive Media, has some respected and successful global brands.
“I am delighted Infopro Digital, one of Europe’s most successful B2B publishers, has acquired them and is committed to further investment and development.
“I would like to thank all the staff for their loyalty, commitment and achievements over many years and wish them well and continued success.”