The Closing of the Acquisition of Inc. and Fast Company Magazines by Mansueto Ventures, LLC announced by AdMedia Partners
Acquisition of Inc and Fast Company Magazines by Mansueto Ventures, LLC Closes
New York (PRWEB) July 13, 2005 -- AdMedia Partners announced today the
closing of the acquisition of Inc. and Fast Company
Magazines by Mansueto Ventures, LLC.
Joe Mansueto, owner of Mansueto Ventures, is also the
principal owner of Morningstar Inc. and an investor in Time Out Chicago, a cousin
of the successful Time Out products in London and New York. G+J USA is an
affiliate of Gruner + Jahr AG & CO. KG, the leading European publisher.
"I am very pleased that we succeeded in
finding a good home for our Inc. and Fast Company
business titles as well," said Axel Ganz, member of the executive board of G+J
AG. "Both magazines will continue to be published in New York and our
readers will continue to benefit from the insightful and informative content
these magazines have become so well known for."
"I am delighted to
acquire two of the nation’s leading business magazines,"
said Mansueto. "I have long admired both publications. They have everything I
look for in a media company: world-class brands, exceptional management, high
quality content and loyal readers and advertisers."
Mark Edmiston,
managing director of AdMedia Partners, the New York based investment banking firm that advised G+J Publishing on this
transaction, said that speed to close was one of the most important factors.
"From start to finish this deal took just 29 days which may be a record for this
type of transaction," he said.
About AdMedia Partners;
AdMedia
Partners, mergers and acquisitions
advisory services to media, advertising and marketing services, and related
interactive businesses. Founded in 1990, the firm has completed over 90
transactions since 1999.
Contacts:
Mark Edmiston, Managing
Director
AdMedia Partners
212-759-1870
Sue R.E. Geramian, Vice
President Corporate Communications
G+J USA
212-499-1621
Kurt Otto,
Spokesman
Gruner + Jahr AG
0114940-3703-3810
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Source : http://www.prweb.com/releases/2005/7/prweb261202.htm