The Bonhill Group is moving forward with an $8 million sale of its UK and Asia assets, while excluding its flagship U.S. publication, InvestmentNews, which is expected to be sold separately. The all-cash deal, valued at £6.6 million, reflects the company’s strategy to streamline operations and address financial pressures following pandemic-related losses. InvestmentNews, based in New York City, remains a key asset attracting strong interest from global buyers, with a separate transaction likely to be finalized soon.
Bonhill’s divestment comes after acquiring the publication for $27.1 million in 2018, highlighting a significant shift in valuation. Despite expected losses on the U.S. sale, investor sentiment improved, with shares rising sharply the announcement. As the company restructures and buyers compete for premium media assets, further deal developments are anticipated in the near term…