Automotive intelligence and data provider CAP has been sold to a private equity company by its owner Top Right.

According to a report in The Guardian, Top Right, formerly known as Emap, sold its 4C division, which includes CAP, to Montagu Private Equity for between £150m and £200m.

Duncan Painter, chief executive of Top Right, renamed Emap in March and split its businesses into three operating units in preparation for an expected break-up of the company.

CAP became part of 4C, which also includes trend-analysis firm WGSN, property services company GroundSure and Planet Retail.

Guardian Media Group and private equity firm Apax bought Emap in December 2007.

Ian Rendle, general manager of CAP said: "All of CAP’s products are based on our expertise within the market place, our close relationships within the industry and our dedication to develop key business solutions for our customers.

"We are delighted to be partnering with Montagu, who share our vision for the future of the company and fully support us in our continued commitment to delivering a market leading service to our clients."

Edward Shuckburgh, director of Montagu, stated: "Montagu believes that CAP has significant opportunities to build on its market leading position. We are excited about working with an experienced and energetic management team, who are eager to accelerate the company's development to the benefit of all stakeholders."

Duncan Painter, CEO of Top Right Group added: "We believe Montagu is an excellent partner for the business as they have extensive experience within the sector and will work effectively with management teams to further develop the valuable information CAP provides to its customers.

"We are exceptionally proud of our achievements with the company and wish CAP and Montagu every success with their plans for the future." 

Author: Simon Harris