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Article: DLJ Merchant Banking Partners Announces USD 1.142 Billion Sale of Advanstar.(Company overview)
- Article from:
- Business Wire
- Article date:
- March 29, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Exit Underscores History of Building Businesses in the Media Sector
NEW YORK -- DLJ Merchant Banking Partners ("DLJMB"), a private equity investment affiliate of Credit Suisse, announced today its sale of Advanstar Holdings Corp. to an investor group led by Veronis Suhler Stevenson in a transaction valued at USD 1.142 billion.
Advanstar Holdings Corp. is the holding company for Advanstar Communications Inc., a leading worldwide media company providing integrated marketing solutions for the Fashion & Licensing, Life Sciences, and Powersports industries. DLJMB acquired Advanstar in 2000.
"Advanstar is another example of the success that DLJ ...