First Advantage Closes Buy of LexisNexis Screening Unit

First Advantage, which is backed by Symphony Technology Group, has closed its buy of LexisNexis Risk Solutions‘ employment and resident screening business.LexisNexis Risk Solutions is a division of Reed Elsevier. The transaction was announced in January. BofA Merrill Lynch acted as financial advisor to First Advantage. BofA Merrill Lynch and Tennenbaum Capital Partners provided financing.

sale

Investcorp Puts SourceMedia Up for Sale

Investcorp has put SourceMedia, which publishes American Banker and The Bond Buyer, up for sale. Jordan Edmiston is advising. Private equity is expected to dominate the auction, sources tell peHUB.

Ian Smith Quits as CEO of Reed Elsevier, After Just 8 Months

LONDON (Reuters) – Publisher Reed Elsevier’s (REL.L) (ELSN.AS) said on Wednesday its Chief Executive Ian Smith had quit because he was the wrong man for the times. Smith, an industry outsider who resigns after only eight months in the job, will be replaced by divisional chief Erik Engstrom. A company spokesman said: “Ian and the […]

Bain Capital In Lead for Reed Elsevier Unit

Bain Capital, a US-based private equity fund, is leading the chase for Reed Business International, a unit of publisher Reed Elsevier that houses titles such as New Scientist, Variety and Estates Gazette. According to reports, Bain Capital is favourite to win RBI, which has an expected value of approximately US$1bn, although Reed Elsevier management is […]

Reed’s Financing Package Falling Short

NEW YORK (Reuters) – The financing package offered by Reed Elsevier (REL.L: Quote, Profile, Research, Stock Buzz) in the sale of its trade publication unit might come in smaller than expected, causing bidders to reexamine their offers, a source familiar with the matter said on Monday. Only a few bidders remain in the third-round auction […]

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget