Investing in a leading consumer media and ecommerce business
Dennis Publishing is a leading consumer media and ecommerce business based in London and New York.
The portfolio is comprised of 35 print and digital titles across 10 verticals; its flagship title, The Week, is the second largest current affairs title in both the UK and US markets. Dennis Publishing is also the clear market leader in the UK Automotive sector via the AutoExpress and Carbuyer titles, and operates BuyaCar, a market leading used car ecommerce platform. The portfolio has 1.1m subscribers and over 27m unique visitors to its titles and websites every month.
Exponent acquired the business from The Felix Dennis Estate, partnering with the incumbent management team led by CEO James Tye. We were attracted to the business due to the quality of its media portfolio (in particular The Week) and believe there are material value creation opportunities from more ambitious management of the core titles and from new acquisitions.