JEGI Represents Light Reading in Sale to Informa
New York, NY, July 28, 2016 – Light Reading, a leading, innovative content-driven media business focusing on the telecom industry, has been sold to Informa (LSE: INF.L), a leading, global business intelligence, academic publishing, knowledge and events business.
JEGI (www.jegi.com), the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, headquartered in New York, NY, represented Light Reading in this transaction.
Light Reading will join Informa’s Knowledge & Networking Division, which currently consists of a portfolio of specialist content, data products and high quality confexes in several key verticals, including TMT. This acquisition is part of an expansion of Informa’s TMT capabilities.
Founded in 2000, Light Reading is a US-based, business-to-business digital information, marketing and events business with a strong reputation and loyal following within the global TMT community. Through its Light Reading and Heavy Reading information products and high quality confexes, it has grown rapidly in recent years to become a key partner to a broad range of companies within the TMT space.
Alongside its broad range of specialist TMT data, knowledge and customer relationships, Light Reading brings capabilities in areas such as specialist content, digital communities and targeted marketing.
About Light Reading
Light Reading combines its research-led online communities and targeted events portfolio to help those in the global communications industry make informed decisions. Lightreading.com is the ultimate source for telecom analysis for more than 400,000 subscribers each month, leading the media sector in terms of traffic, content and reputation. Light Reading produces targeted communications events and focused one-day conferences each year for cable, mobile and wireline executives across five continents. For more information, visit www.lightreading.com.
About Informa PLC
Informa (LSE: INF.L) operates at the heart of the Knowledge and Information Economy. It is a leading business intelligence, academic publishing, knowledge and events business. With more than 6,500 employees globally, it has a presence in all major geographies, including North America, South America, Asia, Europe, the Middle East and Africa. For more information, visit www.informa.com.
About JEGI
JEGI has been the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors for more than 28 years. Headquartered in New York, with offices in Boston and London (via its partnership with Clarity), JEGI has completed more than 600 high‐profile M&A transactions, serving global corporations; middle‐market and emerging companies; entrepreneurial owners and founders; and private equity and venture capital firms. For more information, visit www.jegi.com.
“I’ve worked with the JEGI team to sell two of my companies – one in 2005 and one this year – for over $100 million. In each case, JEGI’s trust relationship across the entire industry drove value and shortened the sale process. With its extraordinarily comprehensive database of c-level contacts, JEGI can easily get key decision makers on the phone, live, without any preamble. This type of access is unique and hard earned. Also, without their help, the sheer amount of communication and due diligence involved in my last deal would have completely capsized the business. JEGI’s record speaks for itself: literally hundreds of successful closes. Thus, my advice to any seller: if JEGI wants to sell your business for you, let them! Working with their team is the best way to ensure a successful outcome at the highest value possible.”
– Stephen Saunders, Founder & CEO, Light Reading