DMGT offloads events business

■ Daily Mail and General Trust yesterday announced it had agreed to sell leadership and conference business Evanta to Leeds Equity Partners for £58m in a bid to pay down some of its debts. The firm said the deal for Evanta, which made £5m profit on the back of revenue streams of £16m last year, is set to complete by the end of this month. It expects to use the net cash proceeds to reduce its debts. Chief executive Martin Morgan said: “The sale of Evanta is another good example of how DMGT is focusing its financial and talent resources. We are committed to further expanding our fast growing events businesses operating in the energy and digital marketing sectors.”