Newsletter acquisition pace slightly ahead of last year's first quarter.Two different investment banking firms that monitor M&A activity have reported that the first quarter 2005 values of deals completed was ahead of the same quarter one year ago. Whitestone Whitestone may refer to:
A transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. " compared with a year ago. "Newsletter publishers are finally seeing some improvement in results from the economy, and more are therefore likely to consider selling," said Whitestone associate Jenifer Lindenman. "While the first quarter improvement was modest, we expect the pace will pick up as the year goes on." She said the total number of deals in the first quarter 2005 was nine with an estimated value of $57 million compared to six deals with a value of $54 million in the first quarter 2004. Among the larger deals, Whitestone singled these out: * Douglas Publications acquired the Briefings Publishing Group for $15 million or about one times revenue. It was the trade magazine publisher's first newsletter acquisition (NL/NL 1/31/05). * Dan Oswald, handpicked by M. Lee Smith Publishers owner Lee Smith to buy the company, completed the purchase (NL/NL 1/17/05). Started in 1975 with the publication of the still-successful Tennessee Tennessee, state, United States Tennessee (tĕn`əsē', tĕn'əsē`), state in the south-central United States. Journal, M. Lee Smith Publishers offers more than 130 newsletters, videos, software, books, and directories to attorneys, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. professionals, and other business executives. * Health Newsletters Direct, one of the leaders in the patient education publishing field, sold to MediMedia, the largest player and most active acquirer in this area. Owner Sally Rynne, who founded HND HND (in Britain) Higher National Diploma; a qualification in a technical subject equivalent to an ordinary degree Noun 1. HND - a diploma given for vocational training that prepares the student for a career in a particular area; good in 1984, is retiring. HND publishes more than 75 custom-designed publications that target key consumer markets for hospitals, health systems and managed care organizations. Jordan Edmiston For its part, The Jordan, Edmiston Group Inc. (JEGI JEGI Jordan Edmiston Group, Inc. ) reported the same number of deals in both first quarters of 2004 and 2005, eight. But their value increased 144 percent, from $34 last year to $83 million this year. Whitestone, 1350 Avenue of the Americas, #1200, 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 212-957-7100 JEGI, 150 E. 52nd St., New York, NY 10022, 212-754-0710, fax 212-754-0337, www.jegi.com |
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