Listed London-based Centaur Media has agreed to sell The Lawyer to Lighthouse Bidco, the parent company of Legal Benchmarking Limited, in a £43m deal.
The transaction sees Thelawyer.com Limited, the operating company behind The Lawyer, sold at a valuation equivalent to 16x its operating profit for its last financial year.
Its digital platform provides insights and updates on the legal sector and will now target global growth.
The agreement follows Centaur’s sale of MiniMBA to Brave Bison in July and forms part of the board’s ongoing strategic review to ‘maximise shareholder value’, led by executive chair Martin Rowland.
The £43m enterprise value has been agreed on a cash-free, debt-free basis and is subject to standard adjustments relating to working capital and cash profits up to completion.
The business confirmed that completion is expected around the start of October, subject to conditions.
The company, which reported net cash of £24.5m as of 9th September, said the sale will unlock significant value for shareholders.
It provides business information, learning and consultancy services, primarily to the marketing and legal professional sectors.
Since the announcement was made this morning, its share price has climbed significantly, increasing from 33.75p to 40.6p at the time of writing (4pm), which is the highest it has been for 16 months.
“Today’s announcement represents a further significant milestone in Centaur’s pursuit to maximise shareholder value,” said Rowland.
“The transaction follows the sale of MiniMBA which completed on 18th 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.”