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.
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  • DMNews, a portfolio company of Courtenay Communications Corp., has been sold to Haymarket Media
Transaction

JEGI CLARITY Represents DMNews In Sale To Haymarket Media

Date: February 2007
Deal Type: Corporate Divestiture
Role: Sell-side M&A
Sectors:
  • B2B Information and Events

Haymarket Media, Inc. has acquired DMNews from Courtenay Communications Corp. Both companies are privately held and based in New York.

Haymarket Media is one of the fastest-growing media companies in the US and publishes a dozen magazines covering the marketing, public relations, medical, elderly care, and information securities businesses, each with a market-leading online platform. Its parent, Haymarket Media Group, is based in London.

DMNews magazine was launched by Adrian Courtenay in 1979 and now includes other print offerings, the DMNews.com Web site and six e-mail newsletters. The sale also included rights to iMarketingNews, a magazine that was published from 1999 to 2002.

JEGI CLARITY represented Courtenay in this transaction and acted as its exclusive financial advisor.

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