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.
Jupitermedia Corporation has sold JupiterResearch to JupiterKagan, a portfolio company of MCG Capital Corporation
Transaction
JEGI CLARITY Represents Jupitermedia In Sale Of JupiterResearch To JupiterKagan
Date:March 2006
Deal Type:Corporate Divestiture
Role:Sell-side M&A
Sectors:
B2B Information and Events
Events and Conferences
Insights Data and Analytics
Jupitermedia Corporation (Nasdaq: JUPM) has sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities. The acquirer is JupiterKagan, Inc., a portfolio company of MCG Capital Corporation (Nasdaq: MCGC). JupiterResearch is a leading provider of research, analysis and advise focused on the Internet and consumer technologies. MCG Capital provides capital to small- to mid-sized companies to support growth and value creation strategies.
JEGI CLARITY represented Jupitermedia in this transaction.
