Arc group chief executive Simon Foster
Professional Pensions’ owner Incisive Media has been acquired by fast-growing global events, data and media platform Arc.
Under the terms of the deal, Professional Pensions and its sister brands Investment Week, Professional Adviser, Cover, International Investment, Financial Services Forum and BusinessGreen will transfer to Arc.
Arc already owns a portfolio of UK agriculture titles including Farmers Guardian and their associated events. The acquisition of Incisive Media enables Arc to diversify and pursue its mission of creating a next generation media and events business.
Arc's group chief executive (CEO) Simon Foster said: "This is a pivotal step in the evolution of Arc. We look forward to growing and developing these portfolios. We also look forward to further developing the Arc platform through this acquisition with the addition of more resources and channels with which we can grow our network."
Arc is backed by investment funds managed by US-based Eagle Tree Capital.
A second Eagle Tree-backed business, US-based The Channel Company, has also acquired Incisive Media's technology brands - Computing, CRN and Channel Partner Insight.
Incisive Media CEO Jonathon Whiteley said: "Following a very successful period of growth over the last few years, Incisive Media is now ready for its next stage of development.
"The global platforms of Arc and The Channel Company offer natural homes for Incisive Media's brands and people."
