MidOcean Partners, a New York City-based private equity firm, is acquiring Questex, the Newton, Massachusetts-based B2B publisher of brands in the travel, hospitality, pharma, healthcare, beauty and tech markets. David Kieselstein, chairman of MidOcean’s private equity board and a former CEO of Penton Media, will serve as chairman of the Questex board. Penton was a MidOcean portfolio company, led by Kieselstein, until late 2016 when it was sold to Informa for $1.6 billion. In this case, the seller is Shamrock Capital, which itself acquired Questex in 2014. Questex went through bankruptcy proceedings in 2009, and when it emerged, it was owned by a group of senior lenders.

Source: Forbes September 12, 2018 17:03 UTC