PE Firm Acquires Majority Stake in Industry Dive

Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has acquired a majority stake in Industry Dive, the seven-year-old B2B media company whose online verticals span 19 different sectors including banking, construction, retail and supply chain. Contacted via email, Industry Dive co-founder and CEO Sean Griffey said neither side is sharing the financial terms of the transaction, but that the company plans to use the influx of funding to expand into additional markets, both through new launches and acquisitions, and to invest in its journalism. With revenues have more than quadrupled since 2015 to $22 million as of last year, the company hired eight additional editors and reporters a month ago when it launched its 19th vertical, CFO Dive, bringing the total newsroom headcount to 72. "We were attracted to Falfurrias because they shared our vision for the future," Griffey tells Folio:. "From the very first meeting, they highlighted their belief in the importance of high-quality, independent journalism to grow media companies. That resonated with the team here. We've had opportunities in the past but never felt that we had a partner who so closely aligned with our vision and values before." As a result of the deal, Falfurrias will gain two seats on Industry Dive's board of directors, but the company will continue to be led by Griffey and his two co-founders, CTO Eli Dickinson and CRO Ryan Willumson. Industry Dive isn't sharing which markets, specifically, it... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-09-05 16:26:03 UTC ]
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[ Publishers Weekly | 2015-07-03 00:00:00 UTC ]
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Allen & Unwin acquires Swedish crossover novel

Allen & Unwin has acquired the UK and Commonwealth rights to Heart of Jazz by Sara Lövestam, a novel about a bullied schoolgirl and a retired jazz musician.   Sam Redman at Allen & Unwin UK acquired the book from Maria Cardona and Marina Penalva at Pontas Literary & Film... Continue reading at The Bookseller

[ The Bookseller | 2015-07-02 00:00:00 UTC ]
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Magazine Industry Growth Slows

60 titles launch, 23 close through the first half of 2015. The post Magazine Industry Growth Slows appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-07-01 00:00:00 UTC ]
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Johnson & Alcock acquires Fox Mason

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Google, Microsoft among biggest IT industry lobbyists at European Commission

Google and its lobbyists have had more meetings with European Commission officials than any other company, according to figures published by Transparency International on Wednesday.With 32 meetings logged between December and June, Google’s lobbying is topped only by that of BusinessEurope,... Continue reading at PC World

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Strident acquires animal tale by Holman

Scottish publisher Strident has acquired an illustrated children’s book by actor and anthropologist Hugh Holman. The Almost Animals is about Angle, a crocogator who lives with the other mixed-up animals in a world called Nowhere. Continue reading at The Bookseller

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Scribd Acquires Librify

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Walker acquires YA novel from Curham

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Brazilian House Abril Educação Makes Major Local Acquisition

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Walker acquires teen title by Luurtsema

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Rosen Publishing Acquires Jackdaw Publications

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S&S acquires 'captivating' Swedish novel

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Zaffre acquires David Jackson series

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Sphere acquires actress Welch

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Freight and Stanza win major Creative Scotland funds

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[ The Bookseller | 2015-06-04 00:00:00 UTC ]
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Licensing Solutions for a Changing Publishing Industry

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Novels from female perspective miss out on major awards

Books written by women or men from the perspective of a female character are less likely to win major literary awards than books written from a male perspective or about men, research by author Nicola Griffith has found. Griffith analysed the last 15 years of winners for six fiction awards –... Continue reading at The Bookseller

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