Avista completes acquisition of Thompson Publishing.In related news, MidOcean Partners (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) has sold its 50% interest in Thompson Publishing Group (TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général ; Washington, D.C.) to Avista Capital Partners (New York), a private equity firm that invests in media, healthcare and energy companies. The purchase gives Avista 100% ownership of TPG. No terms of the deal were given. In July of this year, Avista acquired 50% ownership in Thompson Publishing from DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Growth Capital Partners for $130 million. Established in 1972, Thompson produces over 300 subscription-based handbooks, newsletters, reference services, single-issue publications and online resources covering laws and regulatory mandates for professionals in the human resource, education, government grants and banking fields. Newsletter assets include such titles as "Executive Compensation Strategies," "Total Reward Strategies," "NCLB NCLB No Child Left Behind (US education initiative) Advisor," "Special Ed Advisor" and "Local/State Funding Report," with reports and manuals covering such topics as FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. enforcement, employee benefits compliance, flex plans, health care, clean air, sexual harassment sexual harassment, in law, verbal or physical behavior of a sexual nature, aimed at a particular person or group of people, especially in the workplace or in academic or other institutional settings, that is actionable, as in tort or under equal-opportunity statutes. , monitoring federal sub-awards and pension plans, among others. The company has approximately 110,000 subscribers. MidOcean acquired its interest in TPG in May 2004. In August 2005, TPG acquired Sheshunoff Information (Austin, TX) and in August of this year, TPG purchased healthcare information provider American Health Consultants (Atlanta, GA). James Finkelstein, both TPG Chairman and Avista Partner, said that "MidOcean has been a great partner to Thompson and Avista. Looking to the future, I am excited about the opportunities for internal growth and acquisitions available to a great business like Thompson? |
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