Marks Baughan & Co. Advises The Thomson Corporation on Divestiture of NewsEdge and Profound®
July 19, 2007
Marks Baughan & Co. today announced that it has advised The Thomson Corporation (NYSE: TOC), a global provider of integrated information solutions for legal and business professionals, on the sale of its Thomson Business Intelligence (TBI) NewsEdge and TBI Market Research (Profound®) businesses.
Thomson completed the sale of its TBI NewsEdge business to Acquire Media Corporation, in partnership with a consortium of Icelandic investors including Baugur Group, on July 18. NewsEdge provides real-time access to critical, industry-specific news and information feeds from the world’s leading news and trade publications over a web-based platform.
Thomson also completed the sale of Profound business to MarketResearch.com, the leading source for market research information and services, on May 4. Profound has built its reputation as a premium market research procurement service for business professionals. The service is recognized for its advanced search capabilities, including a comprehensive taxonomy of companies and industries.
About The Thomson Corporation
The Thomson Corporation is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare.
About Acquire Media Corporation
Acquire Media builds and operates digital media distribution and filtering platforms for publishing and financial services. The real-time engineers and natural language scientists at Acquire Media have been working as a team building custom digital news processing systems since 1991.
About Baugur Group
Baugur Group is a private, international investment firm focusing on investments within retail, property and media in Iceland, UK, Scandinavia, and the United States. Companies related to Baugur Group employ some 75,000 people worldwide with a total revenue of $20.0 billion. A few of the Group's notable assets include House of Fraser, the renowned U.K. chain of department stores; Hamleys, a toy retailer; Magasin du Nord, the famous Danish department store chain; and, the fashion chains MK One, Jane Norman and Mosaic Fashions Ltd. Important media and new ventures investments include 365 hf. and the electronic communications and IT company, Teymi hf. The CEO of Baugur Group is Gunnar Sigurosson, and Jon Asgeir Johannesson is Executive Chairman.
Established in 2001 as a centralized web-based distributor of market intelligence, MarketResearch.com is the leading provider of global market intelligence products and services. With over 130,000 research reports from more than 560 top consulting and advisory firms, MarketResearch.com offers instant online access to the world’s most extensive database of expert insights on global industries, companies, products, and trends.
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About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth
companies in the Financial Technology and Information Management sectors. Our
narrow focus and deep expertise and relationships in these two verticals
provide our clients with top-quality results driven by an efficient process.
Started in 2004 by two former senior members of the Credit Suisse First Boston
Technology Group, Marks Baughan & Co. has established itself as one of the
most successful of the new boutique investment banks by combining bulge-bracket
expertise with boutique service. Our clients range from public companies with
multi-billion dollar market caps to private companies with $10 million in
revenues. We deliver results for clients: advising on sales of entire companies
and divisions, acquisitions, private placements of equity and debt securities,
or strategic advisory services for CEOs and CFOs on public offerings, M&A
plans, or investor positioning.
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