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.
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
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.
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
