Bob Geldof’s Ten Alps, the TV and online video production and now B2B media company, has bought Sovereign Publications, a B2B publishing company based in London. The transaction values Sovereign up to value of £2.625 million. Price breakdown: An initial £100,000 in cash with a possible further earn out payment of up to £850,000 payable on delivery of tiered profit targets. As part of the consideration Ten Alps will take on an estimated £1,675,000 of net liabilities on completion.

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Sovereign has 33 titles and a range of associated websites, principally in the healthcare, finance, technology and energy sectors. Sovereign’s revenues for the financial year to May 2007 totaled £3.16 million. More in the release here.