Huntsworth sells its analytical arm

Huntsworth, owner of Citigate Dewe Rogerson and Capital Communications, has disposed of its shareholder identification, analytics and investor relations technology business.

CapitalBridge has been sold to private equity-backed US market intelligence firm data provider Ipreo. The deal cost Ipreo £16.3m.

'The disposal, at an attractive price, completes our strategy of divesting non-core subsidiaries to focus on our global PR and healthcare comms businesses,' said Huntsworth chief executive Lord Chadlington.

CapitalBridge generated profits before tax of £1.5m and had gross assets of £13.1m in 2006, its latest reported financial year.

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