Bridgepoint Development Capital to acquire Private Equity International

BridgepointBridgepoint Development Capital is to acquire a majority stake in PEI Media – the global provider of insight, market-data and business conferences for professionals active in alternative asset class investment. Details of the transaction were not disclosed. The business is being acquired from its founders, management and minority shareholder, LDC.

PEI Media focuses on private investment markets in real estate, infrastructure, private equity, and private debt – including specialist sector-specific activities within those private asset markets. The group has developed deep connections with international sources of alternative investment capital since its inception in 2001. Clients served include public sector and company pension plans, insurance groups, endowments and family offices – as well as leading private-asset fund managers who raise and deploy capital raise from institutional investors.

PEI was formed following a management buyout from Euromoney Institutional Investor plc. It has grown a diversified portfolio of alternative asset-focused publications, databases and branded events. Headquartered in London with offices in Hong Kong and New York, the company currently employs around 180 people and has clients based in over 80 countries. The company’s publications include PERE, Infrastructure Investor, Private Debt Investor, Private Equity International, Real Estate Capital, Private Funds Management, Agri Investor and Secondaries Investor, amongst others.

BDC Partner Robin Lawson said, “PEI is recognised for its differentiated insight into the worlds of multiple alternative asset classes. As investors look for higher yields, continued inflows into these classes means that there is growing demand for the information, analysis and event-networking opportunities of providers like PEI. Today’s investment by BDC will support the continued international expansion of the business as well as further development of its technology platform and digital product set. Our aim in working with PEI’s management will be to ensure that it remains best-placed to scale its digital offering in a growing market and deliver progressive evolution of its specialist-brand in line with advancing client needs. In this way, we expect that increasingly sophisticated customers, both existing and new, will remain able to access the information and market connections they increasingly need to be successful in their global alternative investment strategies.”

UK, London

Related articles:

CloserStill acquires majority stake in Masie Productions’ “Learning Conference”

CloserStillCloserStill Media, the London-based exhibition and conference organiser, has entered a joint venture with Masie Productions to produce future editions of the Learning Conference in Orlando. The terms of the transaction were not disclosed.

The Learning Conference draws around 2,000 delegates from the technology and corporate learning sectors each year and more than 40 commercial sponsors in the learning and technology field. In 2017, former First Lady Michelle Obama and actor John Lithgow were keynote speakers and Leslie Odom Jr., author of “Failing Up”, and star of Broadway hit musical Hamilton and author Dan Pink will head the international speaker faculty of ‘Learning 2018’ in November.

Elliott Masie is among the most well-known figures in the global eLearning industry. He is founder of the Masie Center, an international learning lab, and chair of The Learning Consortium, a 20 year old collaboration of Fortune 500 companies. Under the new partnership with CloserStill, Masie will continue to lead the programme curation and act as host for the Learning Conference for the new JV company – CSM Learning, LLC.

A new focus on disruptive technologies will form part of Learning 2018, with the introduction of Tech @Learning – a multi-strand content programme focussing on adaptive learning, artificial intelligence and machine learning, emerging assessment technologies, chatbots, immersive realities, edTech and venture innovations.

CloserStill’s Learning Group Director, Mark Penton, said: “We are thrilled and honoured to be working with Elliott and his team. Elliott is an innovator and a disruptor and we feel that our combined global experience in the learning world will make for a very exciting new era for the Learning Conference which we have long admired and respected”.

UK, London & USA, Saratoga Springs, NY

Related articles:

Warburg Pincus invests in Reorg Research

Warburg PincusWarburg Pincus has acquired a controlling stake in Reorg Research, an industry-leading provider of real-time news, commentary, and analysis on issues affecting the distressed debt, event-driven and leveraged finance markets. Terms of the transaction were not disclosed.

Founded in 2013 by former distressed debt investor Kent Collier, Reorg leverages powerful proprietary technology to collect data in real-time and apply machine learning and natural language processing to filter the information, all in one easy-to-find place. The company also has a dedicated team of experts comprised of journalists, former lawyers and investment bankers that leverage Reorg’s proprietary technology to deliver industry-leading editorial content. Reorg currently has a suite of six SaaS-based products, each with a distinct value proposition, that a diverse and loyal global client base – including leading hedge funds, investment banks, law firms and financial advisors – uses to make better business and investment decisions.

This latest deal reflects heightened investor interest in providers of specialist content; the agreement follows Fitch Group’s purchase last week of Fulcrum Financial Data, a rival distressed-debt research firm whose publications include Covenant Review and LevFin Insights. In 2017, BC Partners sold a minority stake in Acuris, which publishes the trade publications Debtwire and Mergermarket, at a valuation of £1bn. Blackstone earlier this year bought a majority stake in Thomson Reuters Financial & Risk at a valuation of $20bn.

Kent Collier, the distressed-debt investor and blogger who launched Reorg in 2013, said, “Data is compounding at a geometric rate around the world and there is too much of it to be analysed by editorial talent alone”.

Chandler Reedy, Managing Director at Warburg Pincus, said, “Kent is a unique talent, and he and his team have built a highly differentiated business and technology platform with team of experts that synthesize and analyze real-time, mission-critical information highly sought by their customers. As the clear market leader with a proven growth model across multiple products and geographies, we believe Reorg is exceptionally well positioned for continued growth.”

USA, New York, NY

Related articles:

Kelsey Media acquires Stuff gadget magazine from Haymarket

Kelsey MediaKelsey Media has acquired best-selling gadget magazine Stuff from the Haymarket Media Group. The terms of the transaction were not disclosed.

Acquired by Haymarket in 1999, Stuff has kept its readers informed on global technological changes and has documented and explained major tech trends. In addition to the Stuff magazine, Stuff.TV filters the most important gadget news and happenings, keeping consumers in the loop with reviews, videos, how-tos, interviews and features.

Kelsey Media CEO Steve Wright sais, “Stuff was there at the start of the tech revolution and it’s inspired several generations of passionate tech-loving consumers since. I’m delighted that the Stuff team will be joining Kelsey and we’ll be working together to inspire the next generation of gadget fiends.”

UK, London & Cudham

Related articles:

EA acquires Gamefly’s cloud gaming technology & talent

Electronic ArtsElectronic Arts Inc. has acquired the cloud gaming technology assets and personnel of a wholly owned subsidiary of video game rental company GameFly, Inc. The terms of the transaction were not disclosed.

Los Angeles-headquartered GameFly acquired Israel-based cloud gaming company Playcast Media Systems in 2015. The team will join EA’s functional teams, including the central technology organisation that is responsible for developing and operating the cutting-edge platform that powers EA’s leading games and services.

Cloud gaming opens up new possibilities to expand the reach of games by streaming high-quality entertainment to more players, on more devices, in more geographic regions of the world. With this acquisition, EA is adding to its strategic focus on advanced technologies that will give players more freedom to access the games they want, and enable the delivery of next-generation experiences at scale.

Ken Moss, Chief Technology Officer of Electronic Arts, said, “Cloud gaming is an exciting frontier that will help us to give even more players the ability to experience games on any device from anywhere. We’re thrilled to bring this talented team’s expertise into EA as we continue to innovate and expand the future of games and play.”

USA, Redwood City, CA & Israel, Caesarea

Related articles:

Content production company CreativeDrive acquires Zebra Worldwide

CreativeDriveIndependent global content production company CreativeDrive has acquired Zebra Worldwide to combine CreativeDrive’s network of over 150 studios in the U.S., Latin America, Asia and Europe with Zebra’s portfolio of video and content production and localization offices across London, Paris, Cape Town, Kiev and Sydney. The terms of the transaction were not disclosed.

Zebra Worldwide was founded by Management Consultant Luke Hammersley and Creative Director/Writer Nic Franklin as a production company in May 2005. Zebra is a major international content partner for brands and agencies, providing still and moving image production, post-production, localisation and associated technology services through their office network. Through their independent client base and long-standing moving image localization partnership with adam&eve DDB, Zebra work with global brands such as Reckitt Benckiser, Hilton, Ryobi Powertools, Hotels.com, and in 2017 were live in over 100 markets internationally.

Zebra Worldwide will retain its identity in the short-term, eventually transitioning to become CreativeDrive EMEA in the coming months. Zebra Worldwide CEO and founder Luke Hammersley will become CreativeDrive EMEA CEO, reporting to CreativeDrive’s Global CEO, Myles Peacock. Nic Franklin becomes Creative Director and MD, Cape Town. Sarah Rose has been promoted from Finance Director to COO, EMEA.

CreativeDrive Global CEO Myles Peacock, said: “Zebra’s ability to deliver world class video and content production through their global teams and powerful localization platform addresses brands’ insatiable need for content that is customized for specific regions and cultures. The entire Zebra Worldwide team is a natural fit to both our existing culture and our mission to continuously challenge the status quo by consistently producing high-quality content with unparalleled speed and scale.”

USA, New York, NY & UK, London

Freeman acquires Info Salons

FreemanBrand experience company Freeman has acquired digital technology company Info Salons, a leading provider of registration and attendee database management solutions. The terms of the transaction were not disclosed.

With the acquisition, Freeman will benefit from Info Salons’ nearly 30 years of experience in the industry and its event technology solutions which aim to improve online and on-site registration processes and unlock attendee data and sales leads for show organizers. Going forward, Info Salons applications and tools will be fully integrated into the digital solutions offered by Freeman.

Richard Maranville, chief digital officer at Freeman, said, “We’re always looking for ways to simplify the event and show planning processes for our clients; and investing in leading digital technologies enables us to provide the robust capabilities show organizers need to thrive in the ever-evolving events industry. With the integration of Info Salons’ digital tools into our event management offerings, we’ll be better equipped to help our clients get the most out of their attendee data.”

USA, Dallas, TX & Australia, Surry Hills