PE-backed ALM to acquire Summit Professional Networks

ALM, which is backed by Wasserstein & Co., has agreed to buy Summit Professional Networks, publisher of several insurance and legal publications that include Investment Advisor and National Underwriter. No financial terms were disclosed.

PE-owned Recorded Books completes Tantor Media acquisition

Recorded Books, which is owned by Wasserstein & Co., has closed its buy of Tantor Media, an audiobook publisher based in Old Saybrook, Conn. No financial terms were disclosed. Carter Morse & Mathias provided financial advice to Tantor on the transaction.


Mason Wells sells Paris Presents to Wasserstein & Co.

Wasserstein & Co. has bought Paris Presents from Mason Wells. No financial terms were disclosed. Ontario Pension Board and Northwest Mutual are co-investing in the deal. BNP Paribas provided the financing for the transaction. Based in Gurnee, Illinois, Paris Presents is a provider of beauty products and personal care accessories.


Wasserstein to sell HiP to Graco for $160 mln

Wasserstein has agreed to sell High Pressure Equipment Company to Graco for $160 million. The transaction is expected to be completed in the first quarter of 2015. Houlihan Lokey was financial advisor to HiP. Based in Erie, Penn., HiP is a maker of valves, fittings, tubing and accessories for high pressure applications.


Wasserstein & Co., co-investors agree to buy ALM Media

Wasserstein & Co. has agreed to acquire ALM Media from Apax Partners and RBS. The investment will be made through Wasserstein Partners III. The Ontario Pension Board, Pantheon, the Honeywell pension and HighVista Strategies are co-investing in the deal. ALM is a provider of specialized business news, research and information, focused primarily on the legal and commercial real estate sectors. The company has about 700 employees and a portfolio of more than 350 print and digital publications, including The New York Law Journal, The American Lawyer and The National Law Journal.

Wasserstein Buys High Pressure Equipment

Wasserstein & Co. has acquired High Pressure Equipment Co. The sellers are the James family who will retain an ownership interest. Financial terms weren’t announced. Erie, Pa.-based High pressure makes specialty valves for high pressure applications. PRESS RELEASE Wasserstein & Co., on behalf of its private equity investment fund Wasserstein Partners III, has acquired High […]

Penton Media Recruits CEO

Penton Media, a business to business media company providing content, insight and marketing to 17 industry sectors, has appointed David Kieselstein, previously CEO of TNS North America, as Penton Media CEO. He will also join the Penton board of directors. Kieselstein will be based in New York. Penton is owned by MidOcean Partners and US […]

Wasserstein Sells Encompass Digital Media in Secondary Buyout

US based digital media services provider Encompass Digital Media has entered into a definitive agreement with private equity firm Court Square Capital Partners under which funds managed by Court Square will acquire a majority interest in the company from selling shareholders including Wasserstein & Co. Financial terms of the transaction were not disclosed. PRESS RELEASE […]

Ziebold Q&A: Why He Left Bruce Wasserstein’s PE Firm For First Beverage

Last week, W. Townsend Ziebold jumped to First Beverage Group, a boutique financial services firm catering to the beverage industry. He joined First Beverage from Bruce Wasserstein’s PE firm, Wasserstein & Co.

Townsend has over 25 years in investment banking and private equity. He’s been a banker with First Boston Corp. and Wasserstein Perella, which was acquired by Dresdner Bank in 2000 (The merchant bank of WP was spun off in 2000 to form Wasserstein & Co.). Townsend has worked on some major deals, including KKR’s purchase of RJR Nabisco and SmithKline’s merger with the Beecham Group. At Wasserstein & Co., he worked on the buys of IMAX Corp., Maybelline Cosmetics and Turtle Mountain, a leading producer of non-dairy desserts.

Townsend, 49, officially joined First Beverage on May 9. I spoke to him by phone last week.

Penton Names Allais to be EVP and CFO

Penton Media, which is backed by MidOcean Partners and Wasserstein & Co., has appointed Nicola Allais as executive vice president and CFO. Allais replaces Jen Clifton who left in August. Penton, of New York, is a business-to-business media company.

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