Daily Mail and General Trust (DMGT) said it had completed the sale of its leadership and conferences business Evanta to Leeds Equity Partners.
The publishing and exhibitions group said the deal, announced in September, was worth £58m ($94m).
When the deal was announced, DMGT Chief Executive Martin Morgan said the sale of Evanta was an example of how the firm was focusing its financial and talent resources.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We are committed to further expanding our fast growing events businesses operating in the energy and digital marketing sectors and those located in the Middle East region," he said at the time.
