HNH Group have acted as Lead Advisor for the Independent News & Media’s acquisition of four titles from Greer Publications. Craig Holmes (Managing Director, HNH Group) stated “We were delighted to act for INM/Belfast Telegraph on this acquisition. It represents a significant transaction within the media sector within Northern Ireland.”
Effective from 24th February 2016, Ulster Business, Ulster Grocer, Northern Woman and Hospitality Review NI will join the portfolio of print and online titles managed by INM Ltd in Belfast.
The ten staff who currently work on these titles will be retained and for the next few months will continue to operate from the Belfast Harbour Estate premises.
INM Ltd Managing Director, Richard McClean, said: “We are delighted to add these flagship titles to our suite of publications. They are all very well established monthly magazines with an impressive readership across the business, food retailing, hospitality, consumer and lifestyle sectors. We look forward to further developing these already strong products in print and online as they become fully integrated within the INM group.”
Gladys Greer, Greer Publications, said: “I am looking forward to seeing Northern Ireland’s leading business to business magazines in Business, Grocery, Hospitality and Northern Woman, continue to grow successfully into the future with the collective strength of our team and INM behind them.”
Holmes added “This deal continues the upward trend in M&A activity that HNH are seeing within the NI marketplace, with a number of transactions in other sectors due to complete in the coming months.”