Publication: Business Publisher
Veronis Suhler Stevenson (VSS; New York) has established VSS Mezzanine
Partners, L.P., a new investment fund that will target a wide range of
media, communications and information companies. The new fund is being
managed by George Cole and Errol Antzis.
Publication Date: 30-MAY-04
Delivery: Immediate Online Access
Company: Veronis Suhler Stevenson
Cole and Antzis told TBP that the fund will be taking a minority
interest in targeted companies and that "we won't be takin control" of
their investment properties. "The fund was created to give small
companies who can't get additional capital opportunities for
acquisitions and growth. We are looking for properties that are cash
flow positive but, for one reason or another, are tapped out" with
their traditional lenders.
In a statement, VSS said it will
strive to partner with "proven owners and managers through the
financing of acquisitions, management buyouts, going-private
transactions, growth equity investments, and recapitalizations." It
will target companies that: have a "sustainable free cash flow;
positive historical and projected financial trends; and a strong
underlying equity base." Typical transaction sizes are expected to
range from $10-$75 million.
The target market for fund investment includes companies in
advertising, radio, newspapers, b2b media, cable and broadcast
television, consumer magazines and Internet portals, business
information services and professional, educational and training media.
More articles from
IHS continues expansion through acquisitions., 17-OCT-07
Business Publisher stock quotes., 17-OCT-07
Brill NV (Leiden, the Netherlands), parent of Brill Academic Publishers
(Boston, MA), and Sage Publications (Thousand Oaks, CA) have exchanged
several journals., 17-OCT-07
Looking for additional articles?
Click here to search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Click here to search our complete database of Industry & Market reports by text, subject, publication name or publication date.
you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization, Goliath can
help you meet your business needs.
Our extensive business
information databases empower business professionals with both the
breadth and depth of credible, authoritative information they need to
support their business goals. Whether it be strategic planning, sales
prospecting, company research or defining management best practices -
Goliath is your leading source for accurate information.