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Investcorp sells SourceMedia

Investcorp has sold SourceMedia to Observer Capital. Financial terms weren’t announced. New York-based SourceMedia is a B2B media company that publishes such titles as American Banker, The Bond Buyer as well as Mergers & Acquisitions. Investcorp put SourceMedia up for sale in late 2012 but couldn’t find a buyer, peHUB has reported.

Scoop: Accuity Inc. was Shopped Prior to SourceMedia Refinance

Investcorp, the multinational private equity firm, sought to sell Accuity Inc. separately from parent company SourceMedia, but did not sell the asset, according to sources familiar with the auction process. Accuity sells payment solutions services, risk management optimization tools and marketing products to its customers. SourceMedia is a financial services reporting company, with little synergies to Accuity. […]

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