Informa to acquire Penton for £1.18b

Press release: London: Informa (LSE: INF.L), (“Informa”), the international Business Intelligence, Exhibitions, Events and Academic Publishing Group, has reached agreement with MidOcean Partners and Wasserstein & Co to acquire the entire issued and outstanding capital stock of Penton, the leading independent US-based Exhibitions and Professional Information Services group for £1,180m

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Trade Shows and Digital Drive Business Media M&A, in That Order

The long-prophesied wave of b2b media consolidation has not come crashing down quite yet, but the sector still saw its fair share of significant mergers and acquisitions over the first six months of 2016. The year began in the wake of Cision’s $841 million purchase of PR Newswire from UBM, which continues to reassert it’s “events-first” business strategy.

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Colin Morrison on broken B2B models and the golden era that might lie ahead

Rather than the online space being perceived as a threat, Morrison believes there exists a distinct opportunity to increase the authority of magazine brands. Magazines that have successfully made transitions into digital include the 170 year-old Building, their editor recently stating that the digital space has allowed them to position their writers as true experts in their respective fields

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Penton Acquires iNET Interactive

Penton, North America’s largest privately held professional information services company, announced today that it has acquired iNET Interactive, a leading event and digital information company that focuses on the booming Cloud, Hosting and Data Center segments of the technology sector.

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Penton Media to exit Chapter 11 bankruptcy soon

Reuters: NEW YORK, March 5 Penton Business Media Holdings Inc, a publisher of 113 trade magazines such as Ward’s AutoWorld, Restaurant Hospitality and National Hog Farmer, won court approval of its reorganization plan, and expects to emerge from bankruptcy within a few days. Judge Arthur Gonzalez confirmed the New York-based company’s Chapter 11 plan on Friday in Manhattan bankruptcy court.

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MidOcean and Wasserstein announce agreement to co-own Prism & Penton

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.

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