
In this issue of JEGI’s Client Briefing Newsletter, JEGI’s M&A report highlights that buyers spent $18.6 billion to acquire 407 media and information industry properties in 2001, a 12% decrease from the 460 transactions completed in 2000. JEGI believe that growth projections for 2002 are underestimated, as U.S. Real GDP growth has averaged 6.3% in the 12 months immediately following a recession. The consensus forecast for 2002 is 2% growth or less. JEGI believes mindset is more to blame than economics for these predictions. JEGI Capital made an early stage investment of $1.5 million of a $33 million Series F Preferred Stock round in Brisbane, CA based Intraspect. JEGI hosted its Annual CEO Dinner at the Russian Tea Room, the evening before the opening of the MPA’s AMC in October. Lastly, JEGI highlights its leadership position in M&A among investment banking firms across the media and information industries, entering its 15th year and having closed 18 transactions over the past 12 months.
For more information about this newsletter or JEGI’s services, contact JEGI’s Chief Marketing Officer Adam Gross at 212-754-0710 or adamg@jegi.com.