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Officially Announced: Pluribus & Guggenheim Acquire Eight Nielsen Brands, Including THR, BB & Adweek

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As we reported last night, the deal for the media brands of Nielsen Business Media has closed and it has been officially announced this morning. The consortium that’s buying the brands is officially named e5 Global Media LLC, formed jointly by Pluribus Capital Management and Guggenheim Partners. The deal is scheduled to close by Dec 31. Jimmy Finkelstein of Pluribus Capital will become Chairman of e5 Global Media.

The brands acquired: The Hollywood Reporter, Billboard, Adweek, Brandweek, Mediaweek, The Clio Awards, Backstage and Film Journal International.On the expo side, it is also buying Film Expo business, which includes the ShoWest, ShowEast, Cinema Expo International and CineAsia trade shows.

Also in a hint that other pubs in its portfolio are still for sale, Nielsen Business said “it will continue to assess the strategic fit of other publications.”

Release after the break.

Pluribus Capital and Guggenheim Partners to Acquire Eight Nielsen Business Media Brands, including The Hollywood Reporter, Billboard and Adweek

NEW YORK , December 10, 2009 – e5 Global Media LLC, a new company formed jointly by Pluribus Capital Management, a media private equity partnership, and Guggenheim Partners, a global diversified financial services firm, announced today that it has signed a definitive agreement to acquire eight brands from The Nielsen Company, including such iconic assets as The Hollywood Reporter and Billboard. Management of the acquired brands and their staff members will begin to transition immediately. The acquisition, which is subject to normal terms and conditions, is scheduled to close by December 31, 2009.

In addition to The Hollywood Reporter and Billboard, the other brands included in the sale by Nielsen Business Media are: Adweek, Brandweek, Mediaweek, The Clio Awards, Backstage and Film Journal International. e5 Global Media will also acquire the Film Expo business, which includes the ShoWest, ShowEast, Cinema Expo International and CineAsia trade shows.

Pluribus Capital was founded in 2009 by James A. Finkelstein, George Green and Matthew Doull to focus on acquiring and managing industry leading media properties with high growth potential, particularly those with strong brand recognition across multiple platforms including digital, print and events. Guggenheim Partners is a privately held, diversified financial services firm with more than $100 billion in assets under supervision. Both Pluribus and Guggenheim have strong and demonstrated track records of successfully managing investments in a variety of companies.

Jimmy Finkelstein of Pluribus Capital, who will become Chairman of e5 Global Media, and Todd Boehly, Managing Partner in the Office of the CEO at Guggenheim Partners, commented, “We are all excited to acquire such a premier collection of media properties. These are unique brands that are already leaders in their respective fields and, with the additional financial and strategic resources that we will provide, they will be positioned to add enhanced content across their print, online and new media channels and to continue to deliver value to their subscribers and advertisers. We look forward to working with the talented editors, journalists, and employees to further build on and expand these strong platforms while supporting their continued success.”

Nielsen said it remains committed to its leading trade show group and affiliated brands. It will continue to assess the strategic fit of other publications.

“Nielsen is committed to managing its portfolio of businesses in a way that maximizes their long-term value,” said Greg Farrar, President of Nielsen Business Media. “Divesting these titles allows Nielsen to focus its investment on its core businesses and those parts of our portfolio that have the greatest potential for growth, including our leading trade show group.”

At the conclusion of the transaction, the group’s U.S.-based publications will continue to be located in their current locations at 770 Broadway in New York and at 5055 Wilshire Blvd in Los Angeles.

About Pluribus
Pluribus Capital Management LLC is a private equity partnership founded by James A. Finkelstein, Matthew Doull and George Green to focus on acquiring industry leading media properties.

About Guggenheim Partners
Guggenheim Partners, LLC is a diversified financial services firm with more than $100 billion in assets under supervision. The firm’s businesses include investment management, investment advisory, insurance, investment banking and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe and Asia.

About The Nielsen Company
The Nielsen Company is a global information and media company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence, mobile measurement, trade shows and business publications (Billboard, The Hollywood Reporter, and Adweek). The privately held company is active in approximately 100 countries, with headquarters in New York, USA. For more information, please visit http://www.nielsen.com.

Dec 10, 2009 10:48 AM ET

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Posted In: Media & Publishing, Magazines, Money, M&A & Venture Capital, Mergers & Acquisitions, e5 global media, nielsen

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