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.

Wicks Is Halfway Towards $559.9M Target for Fourth Fund

The Wicks Group of Companies, a prior owner of Vibe magazine, is making headway on its fourth fund.

The New York-based media specialist has raised about $278.4 million, according to a form D filing. The PE firm is targeting $559.9 million for Wicks Capital Partners IV, L.P., the May 12 filing said.

Credit Suisse is the placement agent.

The pool has received a $40 million commitment from the Arkansas Teacher Retirement System. Wicks Capital Partners IV, L.P. has proposed “an annual management fee of 2.0% per annum of commitments during the commitment period and, after the commitment period, 2.0% per annum on net invested capital,” according to February board minutes from ATRS.

Antenna Audio Names Matricciani to CEO

Antenna Audio, which was recently bought by the Wicks Group, has named Janet Matricciani as its CEO. Antenna Audio produces and delivers educational content for use in multimedia and mobile tours for museums, exhibitions and historic sites. Wicks is a New York PE firm. Matricciani was previousy senior VP of corporate development at K12 Inc.

Wicks Group Buys Provider of Audio and MultiMedia Content

An affiliate of Wicks Group of Cos. LLC bought Antenna Audio Inc., Antenna Audio Ltd. and subsidiaries from Discovery Communications. Antenna provides audio and multimedia content at museums, exhibitions, historic sites and other venues.

Heartland Publications Files for Chapter 11

(Reuters) – U.S. newspaper publisher Heartland Publications LLC filed for Chapter 11 bankruptcy on Monday, hurt by a fall in advertising revenue due to the economic downturn and growing competition from Internet-based alternatives. As of Oct. 31, 2009, Heartland Publications reported about $134.3 million in total assets and about $166.2 million in total liabilities, court […]

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