Pageant Media has sold a stake to Intermediate Capital Group’s Europe Mid-Market Fund. Pageant Media provides a unique combination of proprietary data, actionable insights and must-attend events across a range of asset management classes with a portfolio of high-quality brands. The business has an excellent track record of organic growth, value-enhancing M&A, and it benefits from the structural tail winds experienced in alternative asset markets. This is the first investment of ICG’s Europe Mid-Market Fund, which closed in late 2018 having raised €1bn.
Livingstone’s Andrew Bozzelli, Partner based in Chicago, advised on the transaction in conjunction with Arrowpoint Advisory out of London. Mr Bozzelli commented, “The Pageant Media transaction represents another successful sale of a subscription-led, information services business. We look forward to remaining active in the information services space as both global strategics and private equity investors are eager to deploy capital in this sector.”
The Pageant Media transaction comes on the heels of the successful sale of PEI Media to Bridgepoint Development Capital.