The UK listed Centaur Media Plc has sold The Lawyer and associated events and information to the private equity-owned Legal Benchmarking Group (LBG, formerly part of Delinian/ Euromoney) for an enterprise value of £43mn (16x 2024 operating profit).
The sale follows BraveBison’s £19mn acquisition of the MiniMBA eLearning operations.
LBG – a provider of data and insights for law firms globally, providing law firm rankings and data to practitioners across four specialist legal brands: IFLR, Benchmark Litigation, ITR and Managing IP – was acquired by Triple Private Equity in June this year. Now, only Centaur’s Xeim – the Marketing Week, Festival of Marketing, Creative Review etc group – is left to sell.
Then, it’s all over for the once sparkling 44-year-old B2B.
