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Boston Ventures Acquires Oakstone Publishing
BOSTON, July 1, 2008 - Boston Ventures, a leading middle market private equity firm that invests in the information and publishing, entertainment, media, and communications sectors, will build upon its expertise in the publishing industry with the acquisition of Oakstone Publishing (‘Oakstone®’), which serves the medical education and corporate wellness industries. Oakstone was acquired from Haights Cross Communications.
Boston Ventures Teams With Petty Enterprises
BOSTON, June 11, 2008 - Boston Ventures, a leading middle market private equity firm that invests in the entertainment, media, information and publishing, and communications sectors, announced today it has made a significant investment in Petty Enterprises and the Richard Petty Driving Experience. Together, Richard Petty and Boston Ventures are partnering to continue the growth of the most successful and recognized name in NASCAR racing history.
Boston Ventures Announces Sale of Signal Perfection Ltd. To Silver Lake Partners
Boston, April 18, 2008 --
Audio Visual Innovations, Inc. (“AVI”) and Signal Perfection, Ltd. (“SPL”) announced today that the companies have merged to form AVI-SPL, establishing the largest provider of global audio video systems and integration services.
Boston Ventures Completes Acquisition of SJI
Boston, December 7, 2007 -- Boston Ventures, a leading middle market private equity firm that invests in the media, information and publishing, entertainment, and communications sectors, today announced that it has completed the previously announced acquisition of SJI, LLC (“SJI”), a private telecommunications and broadband services provider serving southern Louisiana.
Boston Ventures Announces Promotions
November 7, 2007 -- Boston Ventures, a leading middle market private equity firm that invests in the media, information and publishing, entertainment, and communications sectors, announced today the promotions of Louis V. Bertocci and Justin H. Harrison as partners.
PNC To Acquire Albridge Solutions, Inc.
November 1, 2007 -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it has signed a definitive agreement to acquire Lawrenceville, N.J.,-based Albridge Solutions Inc., a provider of portfolio accounting and enterprise wealth management services. Through relationships with 150 financial institutions and more than 100,000 financial advisors with assets under management that exceed $1 trillion, Albridge delivers an aggregate, single view of clients’ assets along with robust performance reporting and analysis. Albridge will increase the offerings of PFPC Worldwide Inc., PNC’s provider of global investment services.
Boston Ventures Announces Sale Of Vista III Media
October 29, 2007 -- Boston Ventures, a leading middle market private equity firm that invests in the media and communications sectors, today announced that it has reached a definitive agreement to sell Vista III Media, a regional provider of cable television, high speed internet and telephone service, to Harron Communications, LP, a multi-system cable and communications services operator doing business as “MetroCast Communications.
Boston Ventures to Acquire SJI, LLC
August 28, 2007 -- Boston Ventures announced today that it has reached a definitive agreement to acquire SJI, LLC (“SJI”), a private telecommunications and broadband services provider serving southern Louisiana. Through its various subsidiaries, SJI provides a full suite of communication services to residential and commercial customers, including local and long distance telephone service, high speed internet access, digital video as well as other commercial data services. Boston Ventures, a private equity firm focused on the media and communications industries, will acquire the company from the Pat Brady family. The Brady family has owned the company since 1945. The transaction is expected to close following customary regulatory approvals. Financial terms were not disclosed.
Jordan buys PRG for $600M
August 20, 2007 --
Jordan Co. LP is days away from closing a deal to buy Production Resource Group LLC, a New Windsor, N.Y., supplier of lighting and audio systems used in theater productions, live concerts and trade shows, from Boston Ventures Management LLC for $600 million, sources said Tuesday, Aug. 7.
Integra Telecom, Inc. Secures $245 Million in New Equity Investment
August 14, 2007-- Integra Telecom, Inc., a leading provider of voice, data and Internet communications to business and carrier customers, and its major shareholders have signed agreements with Warburg Pincus, a global private equity firm, whereby Warburg Pincus will invest at least $245 million to obtain a substantial equity interest in Integra Telecom. The proceeds from this transaction will be paid to certain existing Integra investors in exchange for outstanding shares. Integra Telecom will continue to operate as a privately held company and will not raise any primary equity in this transaction.
Verizon Wireless To Acquire Rural Cellular Corporation, Expand The Nation’s Most Reliable Wireless Network
July 30, 2007 -- In a move to expand its wireless service coverage in rural markets, Verizon Wireless, a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD), announced today that it has entered into an agreement to acquire Rural Cellular Corporation (NASDAQ:RCCC), for approximately $2.67 billion in cash and assumed debt.
June 28, 2007 -- Genstar Capital, LLC and Boston Ventures announced today a majority investment in 21st Services, in partnership with management. The Minneapolis, Minnesota based Company is a leading provider of mission critical, life expectancy information that is currently used in the life settlement industry, the secondary market for life insurance, and with new applications planned to be launched in coming years.
May 21, 2007 -- Decision Resources, Inc., one of the world’s leading research and advisory firms focusing on pharmaceutical and healthcare issues, announced today that Providence Equity Partners, a leading private equity firm with more than $21 billion under management, will acquire majority control of the Company. With the additional resources that Providence provides, Decision Resources plans to accelerate its growth.
Television Station Group Holdings, LLC completes the sale of WTAJ Channel 10
January 3, 2007 -- Boston Ventures and Alta Communications today announced that one of their portfolio companies, Television Station Group Holdings, LLC (“TSG” or the “Company”), has completed the sale of station WTAJ Channel 10, the CBS affiliate in Altoona/Johnstown, Pennsylvania, to Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) for approximately $56 million.
The sale of WTAJ represents final station sale for TSG. The Company previously sold its television station WBNG Channel 12, the CBS affiliate in Binghamton, New York, to Granite Broadcasting Corporation (OTC: GBTVK) for $45 million in July 2006. Additionally, in May 2002, TSG sold its Charleston, West Virginia station, WOWK, for $41.5 million.
New Track Media LLC Acquires Quilting Publisher Fons & Porter
Marianne Fons and Liz Porter will remain active in the magazine and will continue to host the company’s television series carried on most PBS stations.
October 10, 2006 -- New Track Media LLC, the consumer enthusiast publishing platform formed earlier this year by Boston Ventures and Stephen J. Kent, announced today that it has completed the acquisition of Fons & Porter, a leading publisher of quilting periodicals and the producer of the Fons & Porter television program carried on most PBS stations across the country. The core of the
business, Fons & Porter’s Love of Quilting, is the country’s largest magazine for quilting enthusiasts. Terms of the transaction were not disclosed.
Boston Ventures to Acquire En-Touch Systems, Inc.
September 19, 2006 -- Boston Ventures announced today that it has reached an agreement to acquire a substantial majority interest in En-Touch Systems, Inc. from several family trusts, in partnership with existing management. Founded in 1996, En-Touch is a broadband services provider serving communities in the rapidly growing suburbs of Houston, Texas. This will be the first investment out of Boston Ventures Fund VII, its latest investment vehicle.
Integra Telecom Closes Acquisition of Electric Lightwave
Company Announces Headquarters and Strategy for Brands
August 1, 2006 -- Effective today, Electric Lightwave is a wholly owned subsidiary of Integra Telecom.
Television Station Group Holdings, LLC Announces
the Sale of WTAJ Channel 10 and WBNG Channel 12
July 26, 2006 -- Boston Ventures and Alta Communications today announced that one of their portfolio companies, Television Station Group Holdings, LLC (“TSG”), has entered into a definitive agreement to sell station WTAJ Channel 10, the CBS affiliate in Altoona/Johnstown, Pennsylvania, to Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) for $56 million. The transaction, which is subject to FCC approval, is expected to close in the fourth quarter of 2006.
Vue Entertainment Announces Management Buyout
June 20, 2006 -- Vue
Entertainment, the UK’s leading developer and operator of state-of-the-art
cinemas, today announced a management buyout in partnership with Bank of Scotland
Corporate, through its Integrated Finance Team. The Bank has backed the incumbent
management team, led by CEO Tim Richards, in a deal valued in the region of £350
million and is taking a minority stake in the business. This transaction sees
the sale of the shareholdings of previous investors Boston Ventures, Clarity
Partners and Legal & General Ventures to Vue Entertainment and Bank of Scotland
with Vue’s management team holding a controlling 51% of the company.
World Publications Partners with $2.5 Billion European Media Group Bonnier
May, 23 2006 -- World Publications CEO Terry Snow announced today a partnership with the Bonnier Magazine Group that positions World to become a substantial player in the U.S. publishing market. World, a leader in special-interest publications and related media products, has sold a major stake to Bonnier, a family-owned, Sweden-based media group that is comprised of newspapers, magazines, books and entertainment properties. This is Bonnier’s first major foray into the U.S. magazine field.
Boston Ventures Announces the Completion of the Marshall & Swift sale to MacDonald Dettwiler
March 15, 2006 -- Boston Ventures announced that the sale of Marshall & Swift to MacDonald Dettwiler & Associates has been completed today with the receipt of US$90 million, representing the full realization of the earnout. Marshall & Swift was sold to MacDonald, Dettwiler & Associates for a fixed cash payment of US$250 million plus the assumption of bank debt and all other liabilities by MDA (estimated at approximately $30 million) with an additional payment of up to US$90 million, based on Marshall & Swift’s 2005 financial performance.
Integra Telecom Buys Electric Lightwave
February 7, 2006 -- Integra Telecom, Inc., a provider of local, long-distance and Internet services for small and mid-size businesses, today announced that it has signed an agreement to purchase Electric Lightwave, Inc. (ELI) for $243 million in cash plus the assumption of approximately $4 million in capital lease obligations.
Decision Resources, Inc. Acquires Millenium Research Group
February 2, 2006 -- Decision Resources, Inc., one of the world’s leading research and advisory firms focusing on pharmaceutical and healthcare industry insight and analysis, announced today that it acquired Millennium Research Group, the global authority on medical technology market intelligence. The acquisition of Toronto, Canada-based Millennium Research Group by Waltham, Mass.-based Decision Resources will result in a significant expansion of Decision Resources’ breadth of healthcare market research to include comprehensive coverage of medical device markets. Bob Bahador and Ash Vahman, the co-founders of Millennium Research Group, will be the co-presidents of the new Decision Resources subsidiary.
Boston Ventures And Castenea Partners Acquire Medley Global Advisors
December 14, 2005 -- Boston Ventures Limited Partnership VI and Castanea Partners today announced the acquisition of Medley Global Advisors (MGA), in partnership with existing management. MGA is the premier provider of policy information on monetary, fiscal, regulatory and political developments to many of the world’s leading banks, mutual funds, hedge funds, and other institutional investors. Headquartered in New York City, MGA has satellite offices in Washington DC, London, Tokyo and Hong Kong.
Boston Ventures Announces Investment in Harron Communications, LP.
September 20, 2005 -- Boston Ventures announced today that it has invested $50.0 million in Harron Communications, LP, as part of an overall recapitalization of the Company in partnership with the Harron family and management. Harron Communications owns multiple cable systems which operate under the name MetroCast and serve approximately 110,000 cable television customers located in New Hampshire, Maine, Pennsylvania, Maryland and Virginia.
Survey Sampling International Completes Recapitalization
Led by Providence Equity Partners
May, 2005 -- Fairfield, CT – Survey
Sampling International (SSI) announced today that it completed a
recapitalization of the Company in association with an investor group
led by Providence Equity Partners. SSI also announced the appointment
of Robert “Kam” Kamerschen
as non-executive Chairman of the Company.
Vue
Entertainment Purchases Ster Century UK & Ireland
London, England -
Vue Entertainment, the UK’s
leading developer and operator of state-of-the-art-cinemas, today
announced its acquisition of the Ster Century UK & Ireland
circuit. The combined circuit will have 49 modern purpose built
multiplexes with 496 screens.
Boston Ventures
Appoints Jerry Hobbs, Former Chairman & CEO of VNU, Inc.,
an Operating Partner
Boston,
MA - Boston Ventures Management, Inc. announces that Jerry
Hobbs has joined the company as an Operating Partner, participating
in all future Boston Ventures funds.
Boston
Ventures Announces Sale of CAMP Systems International LLC to
Warburg Pincus (January, 2005)
Boston, MA - Boston Ventures announced today
that CAMP Systems International LLC has entered into a definitive
agreement to be acquired by Warburg Pincus. CAMP, which was founded
in 1967, is the leader in maintenance tracking software for corporate
aircraft which it provides to the owners and operators of more
than 3,800 aircraft worldwide.
Survey Sampling International and Bloomerce
Join Forces (January, 2005)
Fairfield, CT – Survey Sampling
International (SSI) – the global standard for survey research
samples – is expanding its intercontinental presence with the
acquisition of Europe’s leading online sampling company, Bloomerce
Access Panels Europe bv. This union further strengthens SSI's position
as the world's leading provider of telephone and Internet samples
to the marketing research industry. Located in the Netherlands with
40 employees, Bloomerce has more than one million panel members in
Europe.
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