Huntsworth Sells "Non-Core" IR Business
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Huntsworth Sells "Non-Core" IR Business

Huntsworth, the international public relations group led by Lord Chadlington, has sold its CapitalBridge unit, a shareholder identification, analytics and investor relations technology business, to Ipreo for a total consideration of $31.7 million.

Paul Holmes

LONDON—Huntsworth, the international public relations group led by Lord Chadlington, has sold its CapitalBridge unit, a shareholder identification, analytics and investor relations technology business, to Ipreo for a total consideration of $31.7 million (approximately £16.3 million) in cash, which Huntsworth will apply to reduce debt and increase financial flexibility.

 

According to Lord Chadlington: “CapitalBridge is an excellent business and we are pleased to have been able to give the management team and staff the opportunity to combine their talents and expertise with an industry leader in the market intelligence and analytics field. For Huntsworth, the disposal, at an attractive price, completes our strategy of divesting non-core subsidiaries to focus on our international public relations and healthcare communications businesses.”

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