MediaPost: Is New York magazine for sale?

A spokeswoman for New York Media has confirmed that the Wasserstein family is considering “investment interest and strategic opportunities” and “evaluating the market” following reports that New York magazine and its digital offshoots are up for sale.

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Blackstone Completes Previously Announced Acquisition of PSAV

Blackstone (NYSE:BX) today announced that private equity and real estate funds managed by the firm have completed the previously announced acquisition of PSAV, a global leader in event experiences. As part of the completed transaction, affiliates of Goldman Sachs (NYSE:GS) will be reinvesting alongside Blackstone in the transaction to continue to participate in the ongoing growth of PSAV

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ITE disposes of 75% holding in ECMI ITE Asia Sdn. Bhd to UBM (Informa)

ITE Group plc today announces it has sold its 75% stake in ECMI ITE Asia Sdn. Bhd. (“ECMI”), a Malaysia-based events business, and related assets in Indonesia to UBMMG Holdings Sdn. Bhd., a subsidiary of UBM plc which recently became part of the Informa Group, for a cash consideration of MYR 15m1 (c. £2.8m*).  This disposal is in line with the Group’s Transformation and Growth Programme (the “TAG Programme”).

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QD Events acquires SFN Expo

QD Events, Scotland’s biggest event organiser, has announced the acquisition of the Scottish Fitness and Nutrition Expo. SFN has grown significantly since its inaugural event in 2013, with record attendances and high exhibitor retention rates. QD has been a partial shareholder since 2016, when it acquired 25% of the show. It now owns the remainder of SFN, after a bid for the further 75% was accepted.

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Mercator acquires Coastal Networks

Mercator Media Limited has acquired the Coastlink Network Limited, a neutral pan-European network dedicated to the promotion of short sea and feeder container shipping and how it forms part of a competitive supply chain.

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Wilmington has sold ICP to its management

Wilmington, the provider of information, education and networking services in Risk & Compliance, Professional and Healthcare knowledge areas, has announced the sale of ICP, its specialist leading credit reporting company, to its current management team. The transaction price of £3.0m will be paid in instalments over the next five years. 

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Accuity acquires Safe Banking Systems

SBS is a specialist provider of innovative Know Your Customer due diligence and anti-money laundering solutions that enable financial institutions to identify, assess and manage risk across the enterprise. SBS’s solutions perform advanced false positive reduction and risk assessment in the account screening process across a number of sectors, including high volume banks and non-bank financial institutions, bringing greater intelligence for entity resolution to clients worldwide.

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