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Beringer Capital Acquires Trade Publication Adweek from Mediabistro Holdings.

MANews-(C)2009-2016

19 July 2016 - Canada-based digital media private equity firm Beringer Capital has acquired US-based news and insight firm Adweek from US-based media and creative businesses group Mediabistro Holdings, the company said.

The acquisition also includes the nine industry blogs in the Adweek Blog Network, which includes AgencySpy, FishbowlNY, FishbowlDC, GalleyCat, LostRemote, PRNewser, SocialTimes, TVNewser and TVSpy.

Following this acquisition, Beringer Capital will provide Adweek with the resources to expand its current editorial content, which is delivered online and across a weekly print magazine, mobile applications, daily newsletters, social media, original videos, events, and awards.

James Cooper, the brand's editorial director, will continue overseeing Adweek's editorial expertise and leadership.

First published in 1978, Adweek provides news sources in the media, marketing and advertising space.

Beringer Capital invests in the digital media and marketing services sectors.

It partners with founders and management teams to build businesses through a combination of organic growth and add-on acquisitions.

Country: USA

Sector: Media

Target: Adweek

Buyer: Beringer Capital

Vendor: Mediabistro Holdings

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jul 19, 2016
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