Adweek Acquired By PE Firm Shamrock Capital

Adweek has been sold from one private equity firm to another. The advertising industry publication, which marked its 40th anniversary last year, has been acquired by Los Angeles-based private equity firm Shamrock Capital Advisers, both parties announced Tuesday morning. The seller, Toronto-based PE firm Beringer Capital, had owned Adweek for the past four years, acquiring it in July 2016, about six months after the breakup of its former parent company, Prometheus Global Media, by then-owner Guggenheim Partners. Adweek CEO Jeffrey Litvack, who will stay on after the sale, declined to share financial terms of the sale, but tells Folio: that the deal had been in the works for several months, since well before the start of the pandemic. Despite a reliance on in-person gatherings, Adweek pivoted quickly to a virtual events strategy, he said, which has allowed it to maintain cash flow and avoid making any major cutbacks. An announcement adds that "Adweek’s editorial and business operations remain unchanged" following the sale. “Adweek’s experienced management team has done a tremendous job of building on its established brand, expanding its industry coverage and its product offering to further solidify its leading position in the marketplace," said Laura Held, partner at Shamrock Capital, in a statement. "We look forward to working with Adweek to continue to drive strong growth, both organically and through acquisitions.” Founded in 1978 as an investment vehicle for the Disney... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-02 15:47:54 UTC ]
News tagged with: #b2b publisher #pacific standard #long-term commitment #magazine publisher

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[ The Bookseller | 2020-11-04 08:21:12 UTC ]
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Virago acquires 'history of women’s words'

Virago has acquired a "personal" and "campaigning" exploration of the language we have had for women’s bodies and experiences over the centuries, by Oxford academic Dr Jenni Nuttall. Continue reading at The Bookseller

[ The Bookseller | 2020-11-03 21:05:42 UTC ]
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Muswell Press acquires Amsinck's 'beautifully constructed, propulsive' thriller

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[ The Bookseller | 2020-10-27 06:05:04 UTC ]
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Aria acquires three from Eimear Lawlor

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[ The Bookseller | 2020-10-23 03:26:59 UTC ]
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Michelle Obama's editor for bestselling 'Becoming' launches publishing firm

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[ Los Angeles Times | 2020-10-22 20:09:23 UTC ]
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White Rabbit acquires joint memoir from Steve Davis and Kavus Torabi

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[ The Bookseller | 2020-10-22 10:33:59 UTC ]
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Michelle Obama’s ‘Becoming’ Editor Starts Her Own Publishing Firm

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[ The New York Times | 2020-10-22 09:00:18 UTC ]
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Orion Spring acquires Glazebrook's 'reassuring' guide for dog owners

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HQ acquires debut from Primadonna Prize winner

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[ The Bookseller | 2020-10-19 12:13:54 UTC ]
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Welbeck acquires Michelle Elman's Joy of Being Selfish

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[ The Bookseller | 2020-10-15 00:14:50 UTC ]
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Amazon Charts: Hinch and Osman hold firm at the top

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[ The Bookseller | 2020-10-14 03:51:16 UTC ]
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MJ acquires 'irresistible' revenge thriller

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Yellow Kite acquires 'revolutionary' plant-based cookbook

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Cassava Republic acquires Omotoso's 'bold, unflinching' tale

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Because there is no morality in capitalism, Fox News is getting its own imprint at HarperCollins.

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[ Literrary Hub | 2020-10-07 16:16:12 UTC ]
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