17 Jul French publishing group Hachette Filipacchi Medias (HFM) will buy Dutch publisher Quote Media
Excerpt of Press Release by Quote Media Holdings
Quote Media Holdings, a privately held leading publisher in the Netherlands, announced today it has entered into a definitive sale agreement with Hachette Filipacchi Medias, including its 49% stake in Hachette VDB Magazines. Renamed Hachette Filipacchi Media Netherlands, the combined Hachette-Quote business is now 100% owned by HFM. Hachette Filipacchi Medias is a wholly-owned subsidiary of Lagardère, the world’s largest magazine publisher, present in 41 countries and publishing 260 magazines. Its turnover in 2005 was 1.9 billion Euros of which 54.6% was generated by its international activities.
In addition to ELLE, the uncontested leader in the market for upscale monthly women’s magazines with a circulation of 86,000 and a 22% share of the advertising market, Hachette VDB publishes five other magazines: ELLE Eten (circulation: 60,000), ELLE Wonen (circulation: 60,000), Elle Girl (circulation: 80,000), Red (circulation: 60,000) and Santé (circulation: 70,000). To this, the Quote Media group brings strong brands with excellent spin-off potential that complement the existing Hachette portfolio: the monthly business and lifestyle magazine Quote (circulation: 50,000), launched in 1986 and with a 16% share of the relevant advertising market; its annual supplement, Quote 500, a directory of the wealthiest persons in the Netherlands (circulation: 126,000); the tax and financial newsletter Fiscalert (70,000 subscribers); and custom publishing and marketing services, which continue to grow. HFM’s renowned know-how in international publishing should permit the extension of the Quote brand internationally.
With a share of the Dutch advertising market in excess of 18%, Hachette Filipacchi Media Netherlands is now the 4th largest publisher of consumer magazines in the Netherlands, an important and influential market for magazines and one with an especially high penetration rate (92% of adults above the age of 18 have access to at least one weekly magazine and 79% have access to a monthly magazine).
Atlas Advisors acted as exclusive financial advisor to Quote Media Holdings in connection with this transaction.
Atlas Advisors is the marketing name for Atlas Advisors, LLC and Atlas Strategic Advisors, LLC. Atlas Strategic Advisors, LLC provides financial advisory services in connection with mergers, acquisitions and other similar transactions. Atlas Strategic Advisors, LLC is a wholly owned subsidiary of Atlas Advisors, LLC and a member of the FINRA.
None of the information contained in this release constitutes a recommendation, solicitation or offer by Atlas Strategic Advisors, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.