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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Transaction

JEGI CLARITY Represents Phillips International In Sale Of Phillips Investment Resources To Avista Capital Partners

Date: January 2007
Deal Type: Founder Sale
Role: Sell-side M&A
Sectors:
  • B2B Information and Events
  • Insights Data and Analytics
  • Technology and Consulting Services

Avista Capital Partners, a leading private equity firm, has acquired the assets of Phillips Investment Resources, LLC (“PIR”), a provider of subscription-based investment advice, from Phillips International, Inc.

Founded in 1974, Rockville, MD-based PIR provides independent investment advice on a paid subscription basis. The Company delivers its content primarily through electronic media channels, as well as through print newsletters. PIR offers 23 subscription-based advisory services from 16 expert advisors, covering a broad range of topics and investment styles to approximately 220,000 subscribers.

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

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