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GMT Communications Partners invests in leading French weekly recruitment publication | March 2003

The leading independent French weekly recruitment publication, Le Marché du Travail, founded in 1970, has changed its shareholder structure by welcoming in GMT Communications Partners, the private equity fund specialised in the communication sectors in Europe. GMT has invested through Cimarosa Communications Holdings, alongside William Riedel, the publishing director of Le Marché du Travail.

William Riedel said, "Both I and the 45 strong team welcome GMT at Le Marché du Travail. It is our intention for the next few years to continue to grow the presence of Le Marché du Travail and to maintain its innovative culture. Having a strong media focused investor will help us achieve this."

Jeff Montgomery, Managing Partner at GMT Communications Partners, said, "GMT had not invested in consumer special interest press in France since 1996. Le Marché du Travail is the independent leader of the French recruitment press, and has a unique brand illustrated by its customer database of 70,000 companies. We have great confidence in Mr Riedel and his team and expect to see le Marché du Travail continue to be the leading resource for job related information in France.


For further information, please contact: 

Jeff Montgomery +44 20 7292 9361

Notes to editors: 

About GMT Communications Partners:
GMT Communications Partners is Europe's leading private equity specialist in the Communications sector. The partners of GMT have worked together since founding Europe's first Communications fund, Baring Communications Equity Limited, in 1992, and have created three funds over the intervening years, making 25 investments across 12 countries. These include Casema (Netherlands), PEPcom (Germany), Telemedia (Netherlands), Internet Network Services (UK), Media Publications (France), Mobifon (Romania), EUSA (Spain), Quote (Netherlands), Orion Publishing (UK) and Nexus (UK).

GMT closed its latest fund of €365 million at the end of 2000, which it is still actively investing, from a group of European, North American and Asian investors. Three-quarters of GMT’s investors are major pension funds, international banks, endowments, charitable trusts and other financial institutions, whilst the remainder are industry entrepreneurs or families that own or have owned major Communications companies.