PEI, the UK-headquartered media company that focuses on the real estate, private equity, private debt and infrastructure asset classes and publisher of PERE, has today acquired London-based Real Estate Publishing in an all-cash transaction.
Real Estate Publishing, owned and run by noted real estate journalists Jane Roberts and Alex Catalano, publishes the monthly magazine Real Estate Capital, a title that has built a loyal following amongst the real estate financing and advisory communities in the UK and Europe.
Roberts will continue to be editor of Real Estate Capital with Catalano acting as consultant editor. The existing Real Estate Capital team will be joined by journalists based in PEI’s New York and Hong Kong offices as well as at its headquarters on London Wall.
Real Estate Publishing was formed four years ago when Roberts and Catalano acquired the title EG Capital from Reed Business Information and relaunched it as Real Estate Capital. They then proceeded to grow its readership amongst senior real estate financiers, fund managers and advisors active in the UK and European markets. The publication is at present focused on the monthly magazine and is supported by a network of journalists, sales, marketing and production staff all of whom will be continuing to work with PEI.
“Real estate financing has continued to evolve since the global financial crisis and the appetite for authoritative coverage of the deals, the firms and the trends shaping these markets globally is now greater than ever,” commented PEI Editorial Director, Philip Borel. “Having got to know them over the past few years, the idea of having such a highly-respected team join us at a time when the real estate financing markets are gathering momentum was very exciting. It’s a very good fit.”
“Joining a fast-growing media business that has developed the right kind of internal infrastructure to help accelerate our growth and who clearly shared our appetite to deliver quality journalism made the idea very attractive,” said Real Estate Capital Editor Jane Roberts. “The opportunity is to deliver the same level of informed analysis that our readers want but on a wider geographic basis and by making best use of both print and digital channels.”
“We feel strongly that the global real estate markets are entering a significant new phase and to have Real Estate Capital become part of our proposition to these markets is very compelling,” said PEI Co-founder David Hawkins. “It’s a powerful brand around which we can build a portfolio of valuable products and services.”
The transaction comes more than 12 years after PEI was formed via a management buyout from Euromoney Institutional Investor. Since its formation in 2001, the firm has grown to 125 staff across offices in London, New York and Hong Kong. From an original focus on private equity, it now runs digital and print publications for real estate, Infrastructure and private debt as well, each with an adjoining program of conferences. PEI also runs a book publishing division dedicated to these asset classes.
Terms of the transaction were not disclosed. PEI was advised by Greenwoods solicitors and Real Estate Publishing by Gannons.