Lamar Advertising Buys NextMedia Outdoor

NextMedia Group said late Tuesday that it has sold NextMedia Outdoor, its outdoor advertising unit, to Lamar Advertising Co. for $145 million. Englewood, Colo.-based NextMedia, which is backed by Strategic Value Partners and Angelo, Gordon & Co., operates 33 stations across eight markets in the U.S. With the sale of Outdoor, NextMedia says it will focus on the radio broadcasting business.

Strategic Value Partners Appoints McGuinness Senior MD

Strategic Value Partners, an investment firm focused on distressed, event driven and turnaround investments, has appointed Stephen J. McGuinness as a senior managing director. McGuinness will report to Victor Khosla, SVP’s founder and senior managing director. PRESS RELEASE Strategic Value Partners, LLC (SVP), a leading global investment firm focused on distressed, event driven and turnaround […]

SVP Closes Fund II Above Target

Strategic Value Partners, a global investment firm with offices in Greenwich (CT), London, Frankfurt and Tokyo has reached a final close of Strategic Value Special Situations Fund II at $918 million. The Fund had an original target of $600 million. SVP focuses on distressed, event driven and turnaround investments. PRESS RELEASE Strategic Value Partners (SVP), […]

Hanley Wood Completes Refinancing

Hanley Wood, a business-to-business media company serving the housing and commercial design and construction industries, has completed a recapitalization that will reduce its long-term debt from $410 million to $80 million. Hanley Wood’s new ownership group, led by certain funds managed by Oaktree Capital Management, Strategic Value Partners, and Tennenbaum Capital Partners, has invested $35 […]

IWP International To Sell Polbita Sp. zo.o

IWP International is selling Polbita Sp. zo.o, which owns and operates Drogerie Natura, to Interchem. Financial terms wasn’t announced. IWP is a portfolio company by Strategic Value Partners . Drogerie Natura is a Polish personal care retail chain.

Strategic Value Partners Exits Liberty Electric

Strategic Value Partners, the Connecticut-based private equity firm, sold its ownership position in Liberty Electric Generation Holdings to Energy Capital Partners, the energy-focused PE shop. Liberty owns a facility that operates near Philadelphia. SVP began investing in Liberty Electric’s debt and acquired 100% equity in 2007. J.P. Morgan is acting as exclusive financial advisor to Liberty Electric and SVP, and Milbank, Tweed, Hadley & McCloy LLP is representing SVP on the sale. Barclays Capital is acting as financial advisor to ECP and Latham & Watkins LLP is representing ECP with respect to the announced transaction.

Terra Firma’s Hewett to Strategic Value Partners

Michael Hewett will join Strategic Value Partners after a six-year run as managing director and head of investor relations with Terra Firma Capital Partners. He will be a managing director leading business development in Europe and the Middle East at SVP, working under Victor Khosla and Jean-Louis Lelogeais, co-founders of the firm.

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