JEGI has announced it co-advised FC Business Intelligence in the sale of TU-Automotive to Penton, an information services platform owned by MidOcean Partners and Wasserstein & Co.
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The number of mergers and acquisitions across data, marketing, media, software and tech-enabled services industries rose by 8% in 2015, the biggest increase seen since the pre-recession year of 2007.
FCBI announced that it has sold TU-Automotive to Penton, in a move that strengthens both Penton and TU-Automotive’s position as the market-leading provider of events and digital information for the fast-growing automotive technology and IoT segments.
Penton adds to its ground transportation portfolio with the acquisition of TU-Automotive from FC Business Intelligence for an undisclosed sum.