Wolseley Exits Nextmedia
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Wolseley Exits Nextmedia

nextmedia nfWolseley Private Equity has sold its portfolio company Nextmedia to Forum Media Group. Nextmedia is a publisher of special interest magazines and the fourth largest magazine publishing group in Australia.

Nextmedia publishes over 40 special interest publications plus websites, forums, books, DVDs and posters including titles such as Inside Sport, Golf Australia, Tracks, Australian Muscle Car, Bluewater Boats & Sports Fishing, PC PowerPlay, Sound & Image, Camera, Healthy Food Guide and a range of children’s titles. Wolseley Private Equity formed Nextmedia through the acquisitions of four family owned publishing businesses in early 2008 followed by two subsequent acquisitions during 2009. Nextmedia is based in St. Leonards, NSW (near Sydney) (www.nextmedia.com.au).

Wolseley Private Equity invests in established Australian and New Zealand companies with enterprise values between $20 million and $150 million. The firm has $350 million of funds under management raised through two funds in 2005 and 2008. Wolseley Private Equity is based in Sydney (www.wolseley.com.au).

“During the past three years Nextmedia has delivered outstanding growth and has become Australia’s leading specialist publisher and fourth largest consumer publisher.  As a result of the transaction Wolseley will sell its stake in the business while the executive team, comprising CEO David Gardiner and Commercial Director Bruce Duncan, will retain a financial interest in Nextmedia,” said Wolseley Managing Director, James Todd.  “We have been pleased with our investment in Nextmedia and delighted to have invested alongside David and Bruce. We are very impressed with their vision and ability to establish a serious media platform which is well positioned for further growth under Forum’s ownership.”

Forum Media Group publishes print and digital products in the specialist B2B and consumer sectors and operates in 15 countries employing approximately 780 people. Forum is headquartered in Bavaria, Germany (www.forum-media.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 9-30-13

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