Leonis Principal, Inc. (d/b/a “Leonis Partners”) and The Jordan Edmiston Group, Inc. (d/b/a “JEGI CLARITY,” and together with Leonis Partners, the “Parties”) have entered into a proposed combination agreement (the “Transaction”). The Transaction is subject to approval by the Financial Industry Regulatory Authority (“FINRA”) and in the UK by the Financial Conduct Authority (“FCA”). The Parties will continue to be two distinct entities and businesses until the Parties obtain FINRA's and the FCA's approval of, and close, the Transaction. Click here for more information.
Action Media Holdings, a portfolio company of Great Hill Partners, has been sold to Action Pursuit Group, a subsidary of Apprise Media Company
Transaction
JEGI CLARITY Represents Action Media In Sale To The Action Pursuit Group
Date:September 2006
Deal Type:Private Equity Exit
Role:Sell-side M&A
Sectors:
B2B Information and Events
Digital Media and Content
Events and Conferences
Action Media, a Great Hill Partners portfolio company and the leading provider of events and online media properties serving the automotive tuner and sports compact performance market, has been sold to The Action Pursuit Group, an operating company of Apprise Enthusiast Media. Action Pursuit already has established a leadership position in this segment through publications, such as Drag Racer, Drifting, Diesel World, Drive! and StreetTrucks.
JEGI CLARITY represented Action Media in this transaction.
