June acquisitions bustin' out all over.Following a period of relatively lackadaisical lack·a·dai·si·cal adj. Lacking spirit, liveliness, or interest; languid: "There'll be no time to correct lackadaisical driving techniques after trouble develops" William J. Hampton. activity, mergers and acquisitions in the newsletter and specialized-information industry blossomed this past month. Here are seven deals worth noting. LRP LRP Lipoprotein Receptor-Related Protein LRP Low Density Lipoprotein Receptor-Related Protein LRP Loan Repayment Program LRP Linux Router Project LRP Livestock Risk Protection LRP Laparoscopic Radical Prostatectomy Lrp Leucine-responsive Regulatory Protein buys Brownstone brownstone, red to brown variety of sandstone. Its unusual color is caused in some instances by the presence of red iron oxide which acts as a cement, binding the sand grains together. unit LRP Publications Inc., a newsletter, magazine and book publisher based in Palm Beach Gardens, Florida Palm Beach Gardens is a city in Palm Beach County in the U.S. state of Florida. The city is in the center of a rapidly-developing area north of West Palm Beach in the northern part of the county and the South Florida metropolitan area. , acquired six newsletters and loose-leaf products in the field of education administration from Brownstone Publishers Inc., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Both companies are privately held. The newsletters include School Superintendent's Insider, No Child Left Behind Compliance Insider, and the IEP IEP In currencies, this is the abbreviation for the Irish Punt. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Team Trainer. Their acquisition brings LRP's titles to about three dozen, enabling "LRP to offer more print and online education administration resources than any other publisher in the market," said Ken Kahn, LRP's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Eugene Simonoff & Associates of New York City represented Brownstone in the transaction, the terms of which were not disclosed. The deal effectively ends Brownstone's long tenure as a newsletter publisher. It sold its real estate line in 2004 to the Vendome Group, its health care line also in 2004 to HCPro, and now its education list to LRP. Brownstone CEO is John Striker. LRP, 360 Hiatt Drive, Palm Beach Gardens, FL 33418, 561-622-6520, fax 561-622-2074, www.lrp.com Brownstone, 149 Fifth Avenue, 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 , NY 10010, 212-473-8200, www.brownstone.com Veronis Suhler Stevenson active in media investments In our last issue we ran a brief on Contexo Media's acquisition of Medical Management Institute Inc. Here's the background. Veronis Suhler Stevenson Mezzanine Partners LP, a mezzanine fund A mezzanine fund is a type of private equity or merchant banking fund. A typical mezzanine investment consists of a debt or debt-like instrument, paired with an equity “sweetener. specializing in middle-market media, information and communications companies, invested in the subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". of Contexo Media, with the proceeds being used to finance the Contexo acquisition of Medical Management Institute. Contexo is a leading provider of public health and human services Noun 1. Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Department of Health and Human Services, HHS data and information. The current acquisition is Contexo's second since it was founded last year by Kevin Marcum, a former executive of Ingenix Inc. MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. , headquartered in Alpharetta, Georgia Alpharetta is a city in Fulton County, Georgia, United States. As of 2006 census estimates, the city had a total population of 43,424[1]. Selected for its location next to a spring, it began as a campground, and was originally known as , has provided medical coding publications, electronic products, and educational and consulting services to thousands of healthcare professionals throughout the U.S. since 1987--services that include workshops, seminars and conferences. "Contexo Media and Medical Management Institute are highly complementary and share the same vision to improve administrative accuracy and effectiveness in healthcare. We are pleased to be partnering with Kevin and his team to take their business to the next level," said Hal R. Greenberg, co-manager of Veronis Suhler Stevenson. This investment represents the sixth transaction for the fund, which has $123 million of committed capital. In June, Veronis Suhler Stevenson also made a significant investment in Market Strategies Inc., a full-service custom and syndicated market research firm. Market Strategies will join Veronis Suhler "to accelerate the firm's growth through acquisitions and to continue to invest in the development and marketing of new products and services to meet the evolving needs of clients." The 1989-founded Market Strategies is based in Livonia, Michigan Livonia is a city located in the northwest part of Wayne County in the U.S. state of Michigan. As of the 2000 census, the city had a total population of 100,545, making it the eighth largest in the state. , with regional offices in Portland, Ore., and New Providence New Providence, city, United States New Providence, borough (1990 pop. 11,439), Union co., NE N.J.; settled c.1720, set off and inc. 1899. It is largely residential but has some light industry. Roses and fruit are grown there commercially. , N.J. Veronis Suhler Stevenson, 350 Park Ave., New York, NY 10022, 212-935-4990, fax 212-381-8168, www.vss.com Business Research Services buys Minority Business Insider Set-Aside Alert is now the only comprehensive newsletter dedicated to small businesses regarding their trying to sell to the federal government. Business Research Services, of Bethesda, Maryland, has acquired Minority Business Insider, which will be folded into Set-Aside Alert. For 13 years, Set-Aside Alert has been the leader in bringing useful marketing information to the small business owner--whether minority-owned, woman-owned, HUBzone, disabled veteran, Vietnam-era veteran, or active bidder on small business set-asides. Warren Corbett is editor, and Tom Johnson is president of Business Research Services. Business Research Services, 4701 Sangamore Road, #S-155, Bethesda, MD 20816, 301-229-5561, www.sba8a.com James Publishing acquires Resource Directory Group assets James Publishing Inc., based in Costa Mesa, Calif., recently acquired the assets California social services directory publisher Resource Directory Group Inc., founded in 1979. RDG's seven printed Rainbow Referral Guides provide listings of the not-for-profit state, county and federal social services agencies throughout the state. James Publishing is a family-owned publisher providing small and mid-sized litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. firms with practical, user-friendly information. With more than 80 print publications, the company publishes books and periodicals written by top attorneys and judges, and has more than 70,000 customers. Jim Pawell is president. James Publishing, 3605 Cadillac Avenue, #H, Costa Mesa, CA 92636, 714-755-5450, fax 714-751-2709, www.jamespublishing.com Elsevier Health Sciences acquires Gold Standard Elsevier Inc.'s Health Sciences division--Brian Nairn, CEO--recently acquired Gold Standard, a developer of online clinical drug information products and services. Housatonic Partners, a private equity firm focusing on business services and media industries, is the lead investor in Gold Standard. Based in Tampa, Gold Standard's staff of 83 professionals in pharmacy practice, electronic publishing and software development is completely online. It serves more than 1,000 hospitals, the largest retail pharmacy chains and consultant pharmacy organizations, leading health information websites, pharmacy and medical schools and hundreds of thousands of healthcare professionals and consumers worldwide. The Jordan, Edmiston Group Inc., New York City, represented Gold Standard in the transaction, the terms of which were not disclosed but which do require approval from the Federal Trade Commission. Elsevier Health Sciences, 1600 John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation). John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in Blovd., Philadelphia, PA 19103, 215-239-3900, fax 215-238-7883, www.elsevier.com McMurry acquires Redspring McMurry, one of the nation's leading custom publishers and the publisher of four subscription newsletters, this month acquired Redspring Communications Inc., a 39-person custom publisher in Saratoga Springs, N.Y. The deal brings the custom media clients served by McMurry to more than 200 with significant healthcare, insurance and financial services portfolios. Redspring's clients include Genworth Financial, United Healthcare, and Centene. "We have looked at many, many custom publishing businesses over the years, and Redspring rated among the best in what we term the four P's: product, people, portfolio, and potential," said Chris McMurry, CEO of the Phoenix-based firm. Since 1998, McMurry has made seven acquisitions. Its staff has doubled in the last three years, to 145 currently. Miller Capital Markets LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Phoenix-based investment banking firm, served as financial advisor to McMurry in the deal. McMurry, 1010 East Missouri Avenue, Phoenix, AZ 85014, 602-395-5850, fax 602-395-5853, www.mcmurry.com Incisive Media acquires AVCJ AVCJ Asian Venture Capital Journal Incisive Media plc has agreed to acquire the entire share capital of Hong Kong-based AVCJ Group Limited for an initial consideration of US$6 million and deferred earnout consideration capped at US$9 payable over three years, subject to certain performance targets. AVCJ is a provider of financial newsletters, conferences and databases to the Asian private equity and venture capital communities. Dan Schwartz, who joined AVCJ as publisher in 1993, will remain as chairman and CEO. Tim Weller is chief executive of the London-based Incisive Media, which publishes three dozen newsletters and journals. Incisive Media, Haymarket House, 2nd Floor, 28-29 Haymarket, London SW1Y 4RX, U.K., (44)(0)20-7484-9700, www.incisivemedia.com |
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