Private Equity Services > PE Transactions > 2000 | JEGI

Spectrum Business Communications has sold four magazines to Pfingsten Publishing. These magazines serve the industrial maintenance, repair and operations (MRO) market, the construction market and the material handling market, including MRO Today, Progressive MRO Distributor and Contractor Tools and Supplies. The Jordan, Edmiston Group represented Spectrum Business Communications in this transaction.

PRIMEDIA, Inc. has sold PRIMEDIA Information (The Directory Group) to Bariston Partners. The Directory Group consists of 17 market-leading B2B directories and publications serving the transportation and international trade, performing arts and commercial credit industries. The Jordan, Edmiston Group represented PRIMEDIA in this transaction.

Duke Communications, Inc. has sold Windows 2000 magazine group, AS400 Network, Business Finance and Duke Communications Europe to Penton Media for $150 million ($100 million cash + $50 million earn-out based on EBITDA and revenue targets for '01, '02 and '03). The Jordan, Edmiston Group represented Duke Communications in this transaction.

1st Communications, Inc. has sold Professional Trade Shows, Inc. to Penton Media for $17 million. Professional Trade Shows operates 50 events in 40 cities in the US and Mexico and produces events for the factory/plant engineering and maintenance industries. The Jordan, Edmiston Group represented 1st Communications in this transaction.

First Conferences Ltd. has sold Streaming Media East, Streaming Media West and Streaming Media Europe trade shows, the streamingmedia.com Web site and Streaming Media magazine to Penton Media for $100 million. The Jordan, Edmiston Group represented First Conferences in this transaction.

Pfingsten Publishing has acquired the Mortgage Originator Group from Mortgage Publishing Group. The group comprises Mortgage Originator, the leading magazine serving the mortgage origination industry, related conferences and MortgageOriginator.com. The Jordan, Edmiston Group represented Pfingsten Publishing in this transaction.

Dow Jones & Co. has sold Dow Jones Financial Publishing Corp. to Wicks Business Information. Dow Jones Financial Publishing Corp. includes Investment Advisor, Asset Management and Property and Realty Stock Review magazines. The Jordan, Edmiston Group represented Dow Jones in this transaction.