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.