Veronis Suhler Stevenson (VSS) Leads Investor Group to Acquire Advanstar Communications for $1.142 bn

Posted by Joachim Bartels | Dec 4, 2010 | Company, Country, Industry, Newsletters, Online Media - Buyer - Seller Platforms, United States | 0 |

Veronis Suhler Stevenson (VSS) has joined forces with Citigroup Private Equity and New York Life Capital Partners to acquire B2B publisher Advanstar Communications for USD1.1 billion. Advanstar runs 87 trade shows and events, publishes 58 publications and directories, 125 electronic publications and web sites. It focuses on fashion, licensing, life sciences and automotive verticals. It is the objective of the acquirers to Grow Premier Worldwide Business Media Platform Through New Products, Services and Acquisitions. Advanstar 2006 revenues were US$ 324 million – valued at 3.5 time revenue or 12.15 times EBITDA compared to 12.6 times VNU received for Valcon. Source: Press Release www.vss.com

BIIA Newsletter April – 2007 Issue

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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