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Centaur Media sells The Lawyer for £43m
(Sharecast News) - Business information and marketing provider Centaur Media said on Thursday that it has signed a sale and purchase agreement with Lighthouse Bidco, the parent company of Legal Benchmarking, for the sale of thelawyer.com, the operating company of The Lawyer. Centaur Media said the Lawyer had been sold for an enterprise value of £43m, representing a multiple of 16x FY24 operating profit, calculated on a cash-free, debt-free basis, subject to customary adjustments in respect of working capital and cash profits to completion.
The London-listed firm stated the sale would unlock "significant shareholder value" and provide cash to the group for the benefit of all stakeholders. On receipt of the net proceeds, Centaur intends to consult shareholders on the approach to return cash. As at the close of business on 9 September, Centaur had net cash of £24.5m.
Completion was expected to occur around the start of October.
Chairman Martin Rowland said: "Today's announcement represents a further significant milestone in Centaur's pursuit to maximise shareholder value. The Transaction follows the sale of MiniMBA which completed on 18 July 2025 and the previously announced review of the group's operations and strategy with a fundamental part of this review being to address the board's desire to realise Centaur's potential and to maximise shareholder value"
Reporting by Iain Gilbert at Sharecast.com
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