F+W Publications acquired by ABRY Partners.ABRY Partners ABRY Partners is a private equity firm headquartered in Boston, Massachusetts that focuses on investments in media. Since 1989, the firm has completed over $18.0 billion of leveraged transactions and other private equity and mezzanine investments, representing investments in more (Boston, MA), a private equity fund that invests in media and communications companies, has acquired the assets of F+W Publications (Cincinnati, OH), a special interest publisher of magazines, books, book clubs, conferences, trade shows and web sites, for $500 million. The assets were acquired from Providence Equity Partners Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies. (Providence, RI/London), current F+W Publications ceo William Reilly and company president Stephen Kent Stephen Kent may refer to:
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 ). ABRY said it will fund the purchase with $150 million in equity and $350 million of debt backed by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and J.P. Morgan Chase & Co. F+W Publications is a publisher of special interest magazines and books, mostly for the consumer market. It publishes nearly 60 magazines titles and has 3000 books in print in a variety of areas, including antiques, automotive, fine art, games, gardening, crafts, comics, graphic design, toys, writing and photography. Consumer magazine titles include "ID Magazine," "Family Tress," "Writer's Digest" and "Popular Woodworking," among others. The company's Construction division produces three trade magazines, including "Rural Builder," "Metal Roofing" and "Frame Building." Other trade magazines published by F+W include "Comics & Games Retailer," "Card Trade" and "Blade Trade," as well as "Print" and "How" for the graphic design industry. Company divisions include Adams Media (Avon, MA), acquired in 2003, and Krause Publications (Iola, WI), purchased by F+W in June 2002 for $120 million. At the time, Krause produced 46 periodicals, 15 hobby shows and 750 reference books for the antiques, arts & crafts, construction, comics, firearms, old car, outdoor, sports, stamps and toy sectors. New company management also acquired "Horticulture" and "Print" magazines in 2002, "Pastel Journal" in 2003 and "Scuba Diving Magazine" and "Country's Best Log Homes" in 2004. All of the trade magazines, excluding the graphic design magazines, are former Krause titles. ABRY has named David Steward, most recently president of International Masters Publishers International Masters Publishers (IMP) is a publisher with activities in 35 countries. IMP creates and markets products within the areas of recipes and cookery, home and hobbies, entertainment and education. IMP was founded in 1972 and is privately held. , a direct marketing company, as ceo. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion