Under the terms of the acquisition, each Creston shareholder will be entitled to 126.42p in cash for each Creston share, comprising 125p in cash from Bidco and 1.42p from an interim dividend paid by Creston in December
Northstar Travel Group has made its first purchase since being acquired by private equity firm Wasserstein Partners in June. The company’s software-as-a-service (SaaS) subsidiary, Inntopia, has acquired Ryan Solutions, a provider of customer relationship management (CRM) and database marketing to the hospitality industry
Citic Private Equity, part of China’s top financial conglomerate, has held preliminary talks to buy a roughly €2bn controlling stake in Spain’s Imagina Group, a media company that distributes the country’s top football league internationally and has also backed films including Woody Allen’s Vicky Cristina Barcelona. The discussions between the unit of the powerful state-backed […]
The sale of a controlling stake in Argus Media is set to close next week after a two-month delay caused in part by tax issues, including one related to the energy reporting company’s executive chairman. Adrian Binks, who is also its publisher, is credited with turning what was once a small London-based energy newsletter into an almost £1bn enterprise over the course of the past 30 years
Apax Partners said July 19 it has agreed to buy Dominion Marine Media. Financial terms weren’t announced. Dominion Enterprises, a subsidiary of Landmark Media Enterprises, is the seller. Dominion Marine operates recreational marine digital marketplaces – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos – which attract over 62 million unique visitors annually
Private equity firm Beringer Capital has acquired advertising trade publicationAdweek from Mediabistro Holdings. Terms were not disclosed, but the sale includes nine industry blogs in the Adweek Blog Network: AgencySpy, FishbowlNY, FishbowlDC, GalleyCat, LostRemote, PRNewser, SocialTimes, TVNewser and TVSpy.
DMGT announces the disposal of Wowcher, dmg media’s online discount business, to a newly formed company, in which DMGT holds a c.30% stake
Press Release: MidOcean Partners and Wasserstein Co., LP today announced an agreement for co-ownership of Prism Business Media, upon completion of Prism’s previously announced acquisition of Penton Media. Under the agreement, MidOcean Partners will acquire a 50% ownership interest in the combined Prism/Penton entity from Wasserstein Co. and its investment partners, Highfields Capital Management and Lexington Partners.
Penton Media, the once troubled trade publisher, has been sold to Wasserstein & Co., and will be merged with Prism Business Media, creating a new b-to-b giant, with revenue nearing $500 million
