Yell Group has emerged as the winning bidder for TransWestern
Publishing (TWP), paying about 16 times earnings before interest,
taxes, depreciation and amortization (EBITDA) for the privilege.
The deal considerably extends the U.S. footprint of Yells
Yellow Book division, adding presence in the West Coast, Southeast
and Northwest that Yellow Book might otherwise have had to
reach through new product launches. The acquisition also pushes
Yellow Book further into the ranks of the top U.S. publishers
by revenue, with combined revenues of about US$1.5 billion.
week, a group of private equity buyers acquired Yellow Brick
Road (YBR), the European directory holding company, paying
1.8 billion euros (US$2.28 billion), or more than four times
the cash investment made by current private equity owners