Reed Elsevier’s subsidiary, Reed Business Information (RBI), announced an agreement was reached to sell Reed Business Information Australia (RBI Australia) to leading Australasian private equity firm Catalyst Investment Managers Pty Ltd. Terms of the transaction were not disclosed.
According to RBI, the decision to sell RBI Australia reflects RBI’s increasing focus on paid content models and data services. RBI Australia is the largest B2B media company in Australia, consisting of publications, websites and online industry portals providing information to professionals in various industries.
Source: Business Strategies Group Hong Kong – www.bsgasia.com