Sale of Cyclist and Viz will help plant more trees

The private equity firm behind Immediate Media and the Gorkana Group has acquired Dennis Publishing, owner of magazines such as Cyclist, The Week and Viz.

Proceeds from the sale – financial details of which have not been released – will go to the Heart of England Forest charity, established by Dennis Publishing founder Felix Dennis, who passed away in 2014.

A statement from Dennis said the buy-out was via Exponent Private Equity Partners IV, LP.

David McGovern of Exponent said:“Dennis is a unique, innovative and dynamic publishing and e-commerce business. We believe that there is a significant opportunity to grow both its print and digital platforms, which will allow it to reach and engage even more readers and customers."

Dennis CEO James Tye added: "I’m confident that Exponent’s experience in our vibrant industry coupled with Dennis’ talented and experienced team, allied with our world-class brands, will prove to be a formidable and unbeatable force in the publishing sector. 

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