GMG’s review could see sale of Autotrader

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo KCS-content THE owner of the Guardian newspaper and a private equity group are considering selling the business behind car buyers’ magazine Auto Trader for £2bn, it emerged yesterday.Guardian Media Group (GMG) and Apax Partners are understood to have begun work on a strategic review that could lead to the disposal or flotation of Trader Media Group (TMG).Apax acquired a 49.9 per cent stake in Trader Media group (TMG) from GMG in March 2007, which valued TMG at £1.35bn.GMG has owned TMG for several years, either solely or in partnership with others. As well as the flagship publication Auto Trader, the business also includes titles such as Boat Trader and Farmers Trader.Apax and GMG are believed to have held early-stage talks with several banks including Moelis, Merrill Lynch, Deutsche Bank and JP Morgan, according to a Sunday newspaper.No-one from Apax Partners was available to comment, but a GMG spokesman said: “Trader Media Group is a very strong business and well advanced in its digital transition, which makes it a valuable asset for GMG.“No decisions have been made about either the timing or nature of our exit from this investment.”It is thought the appointment of a bank could lead to a sale or float as early as next year or in 2012, but a dividend re-capitalisation could also be an option.The strategic review is thought likely to consider four possibilities: a sale, a float and two dividend re-cap options.The dividend recap could either see up to £300m more debt added to the group’s balance sheet or the introduction of a third private equity investor which may purchase a stake of up to 40 per cent from Apax and GMG. whatsapp Sunday 17 October 2010 11:36 pmcenter_img Share GMG’s review could see sale of Autotrader More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Tags: NULLlast_img read more