Largest number of acquisitions in 6 years."Bolstered bol·ster n. A long narrow pillow or cushion. tr.v. bol·stered, bol·ster·ing, bol·sters 1. To support or prop up with or as if with a long narrow pillow or cushion. 2. by a strong economy and modest interest rates, publishing, information and training companies in 2006 posted the largest number of acquisitions since the high-flying 'dot com' year of 2000," reports merger and acquisition advisory firm Whitestone Communications. Whitestone tracks acquisitions and investments for its annual reference, Who's Buying Whom. "We have come out of the recession valley and are back near the mountain top," noted Whitestone Communications president Baran Rosen. "I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. that I would call the deal pace a 'frenzy' but it is certainly getting close to that level." The number of deals in 2006 reached 505, far surpassing the 394 of 2005 and the lower amounts of 2002-2004 as well as the 446 deals of 2001, but still below the 570 reached at the peak of the "dot-com" bubble A bit in bubble memory or a symbol in a bubble chart. in 2000. The $27.3 billion volume was equally impressive, up 45 percent over the $18.9 billion of 2005. As with the number of deals, the dollar volume was also up over the 2001-2004 results but below the 2000 dollar value--$43.6 billion. The biggest trend for the year in M & A was the increased role of private equity funds, Rosen said. He now considers them to be just as active, if not more so, than many strategic buyers. Newsletter acquisition pace flat but dollar value up Whitestone also reported that the buying and selling of newsletter and directory companies maintained the same pace in 2006 as it had in 2005 while the total dollar value of deals increased markedly. The number of deals in 2006 was the same as in 2005--24--while dollar value nearly tripled to $253 million from $89 million. "Newsletters and directories are becoming more electronic information services See Information Systems. and, as they do, buyers will see more value in the businesses," said Whitestone's Matthew DeBlasio. "In fact, the name 'newsletter' as a business is going to gradually be fading fading fading skin coloring. See Arabian fading syndrome (below). Declining in body condition, general health, activity and productivity. Arabian fading syndrome general health is unimpaired. to be replaced by something akin to 'electronic information service.' As an indication of this trend, the newsletter publisher's association has changed its name to the Specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. Information Publishers Association in 2006." Among the most active buyers of newsletter companies in 2006 were Thompson Publishing Group and Eli Research. Thompson Publishing won the auction for American Health American Health Inc. is a company that manufactures health supplements. It is located in Holbrook, New York. One of its products is labeled the "Chewable Original Papaya Enzyme" with the attached registered trademark, "The 'After Meal Supplement'". Consultants, a physician newsletter group, from Thomson Corporation paying an estimated $40-50 million. Eli Research acquired newsletter publisher Business Publishers, Inc., and five newsletters from Alexander Communications. Outside of the newsletter field, Eli also acquired the American Academy The American Academy in Berlin is a non-partisan academic institution in Berlin. It was founded in September 1994 by a group of prominent Americans and Germans, among them Richard Holbrooke, Henry Kissinger, Richard von Weizsäcker, Fritz Stern and Otto Graf Lambsdorff and opened in of Professional Coders, adding to its strong presence in the coding information field. Whitestone Communications, 1350 Avenue of the Americas, 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 10019, 212-957-7100, fax 212-957-7508, www.whitestonecommunications.com |
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