Centaur agrees sale of human resources portfolio to DVV Media

Centaur agrees sale of human resources portfolio to DVV Media


Centaur Media Plc has announced that it has entered into a conditional agreement to sell Centaur Human Resources Limited, the owner of the Employee Benefits brand and the rest of its HR business, to DVV Media International Ltd for a cash consideration of £5m (subject to customary post-completion adjustments). Completion of the disposal is expected to take place on 30 April 2019.

The HR business, part of Centaur’s professional services division, generates most of its revenues from events that include Employee Benefits Live, Employee Benefits Connect and the Forum for Expatriate Management. These events are supported by the Employee Benefits website and supplements, which provide news, analysis and research on the UK rewards and benefits industry.

The HR acquisition will complement the DVV portfolio where it is already active with the leading generalist HR brand Personnel Today.

Andria Vidler, Chief Executive of Centaur, said: “We are pleased to have found a supportive owner for the Employee Benefits businesses and the Forum for Expatriate Management, and congratulate DVV Media International on its purchase. I would like to thank the teams for their continued commitment through this sale process."

Thursday, 25 April 2019

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