Private Equity Services  >  PE Transactions  >  2010

Reed Business Information-US (www.reedbusiness.com/us) has sold Library Journal and School Library Journal to Ohio-based Media Source Inc. (www.juniorlibraryguild.com), a portfolio company of The Riverside Company (www.riversidecompany.com). The acquisition includes all print and web products, services, supplements, and newsletters, including Library Hotline.

"With this purchase, Media Source, best known for its ownership of Junior Library Guild and The Horn Book, Inc., adds substantially to its product offerings in the library market. Library Journal and School Library Journal are valuable magazines that deserve a corporate home focused on libraries," said Randall Asmo, CEO of Media Source.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

Reed Business Information-US (www.reedbusiness.com/us) has sold four key media brands serving the advanced design engineering sector in the U.S., Asia, and Europe, including Electronic Design News (EDN), Design News, Test & Measurement World, and Packaging Digest, to Canon Communications LLC (www.cancom.com), a portfolio company of Apprise Media LLC (www.apprisemedia.com).

These brands have robust digital and print offerings, and hold lead positions in their markets. This transaction will reinforce Canon’s leading position in the advanced manufacturing sector worldwide in exhibitions, publications, and digital media.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

EDGAR Online, Inc. (Nasdaq: EDGR), a leader in the distribution of public company filings and in the eXtensible Business Reporting Language (XBRL) financial reporting standard, has completed an agreement for Bain Capital Ventures (www.baincapitalventures.com) to purchase $12 million worth of convertible Series B Preferred Stock of the Company. EDGAR Online (www.edgar-online.com) expects to use the newly-secured funding to scale its pioneering leadership position in the filing business associated with XBRL and simultaneously invest to expand its data and subscription offerings.

Bain Capital Ventures is an affiliate of Bain Capital (www.baincapital.com), one of the largest and most respected private investment firms in the world. Bain Capital Ventures is known for its exceptional approach to identifying and partnering with the management teams of early and growth stage entrepreneurial companies to build market leaders.

The Jordan, Edmiston Group represented Edgar Online in this transaction and acted as its exclusive financial advisor. For more information, click here.

The Economist Group (www.economistgroup.com) has sold CFO Publishing (www.cfo.com) to private equity firm Seguin Partners, LLC (www.seguinpartners.com), in partnership with CFO’s management.

CFO is the leading business-to-business media brand focused on the information needs of c-level and senior finance executives. In addition to CFO magazine, the business includes a rapidly-growing portfolio of online products and services as well as conferences and custom research and publishing.

The Jordan, Edmiston Group represented The Economist Group in this transaction and acted as its exclusive financial advisor. For more information, click here.