Factbox: Yellow Media to sell unit Trader Corp to Apax Parnters

(Reuters) – Media and marketing company Yellow Media Inc (YLO.TO: Quote, Profile, Research) said it will sell its unit Trader Corp to funds advised by private equity firm Apax Partners (APAX.UL: Quote, Profile, Research) for about $745 million in cash.

APAX PARTNERS LLP

The London-based private equity firm invests in telecommunications, information technology, retail and consumer products, media, healthcare, and financial and business services.

Funds under the advice and management of Apax Partners globally total around $40 billion.

Its investments in media include Yell Group Plc, which provides classified advertising directories associated products services in the United Kingdom and the United States. Apax bought Yell from British Telecom for $3.5 billion in 2001.

In the last five years, Apax Funds have led eight investments in the sector.

Last December, Apax said it planned to raise more than 11 billion euros to fund its acquisitions.

YELLOW MEDIA INC

Canada’s No. 1 Internet company, based in Verdun, Quebec operates Yellow Pages Group and Canpages, apart from Trader Corporation. Its websites get 11 million unique visitors every month.

Market value – $3.44 billion

Annual Revenue – $1.7 billion

Employees – 4,143 people

Source – Company websites, Thomson Reuters data

(Compiled by Unnikrishnan Nair)

Factbox: Yellow Media to sell unit Trader Corp to Apax Parnters