Transactions < by Year > 2004 | JEGI - Independent Investment Bank

Ziff Davis Media Inc., a leading special interest technology media company, has acquired DeviceForge, LLC, a privately held vertical online b-to-b publishing company headquartered in Palo Alto, CA. The deal enables Ziff Davis to expand its already sizable portfolio of vertical product and information web sites to its enterprise level technology customers. The Jordan, Edmiston Group represented Ziff Davis in this transaction.

Information technology (IT) media company TechTarget has acquired Boston-based Bitpipe, Inc. for $40 million in cash. Bitpipe is the #1 distributor of IT white papers, and, with TechTarget, one of the two fastest growing media companies serving enterprise IT professionals and executives. As a result of the acquisition, TechTarget now owns a majority share of the market for the distribution of IT white papers and other vendor-supplied content—serving a larger number of IT professionals and executives, and generating more revenue from that activity, than all other IT publishers combined. The Jordan, Edmiston Group represented Bitpipe in this transaction.

Ziff Davis Media has acquired Connexus Media, a network of Enterprise IT Web sites that comprises 10 targeted Web communities with a total of 600,000 subscribers in opt-in database. The sites offer targeted news, enewsletters, discussion forums and commentary. The Jordan, Edmiston Group represented Ziff Davis Media in this transaction.

Distance Education Company, a leading provider of distance learning educational services through correspondence courses and Internet-related education strategies, was acquired by Professional Career Development Institute (PCDI) of Norcross, GA, which offers nationally accredited, self-paced distance learning programs. Distance Education Company operates through two schools – the New York Institute of Photography and the Sheffield School of Interior Design. The Jordan, Edmiston Group represented Distance Education Company in this transaction.

Dice, Inc., a leading provider of online recruiting services for technology professionals, has acquired the assets of ClearanceJobs.com, the premier job board focused exclusively on candidates with active U.S. Government security clearances. The Jordan, Edmiston Group represented Dice, Inc. in this transaction.

Budget Living LLC, publisher of Budget Living magazine, has raised a new round of expansion financing from private investors. Budget Living is a consumer lifestyle magazine published six times per year that educates readers on how to get the most for their money. The Jordan, Edmiston Group represented Budget Living LLC in this transaction.

New York-based EDventure Holdings has been sold to CNET Networks, Inc. (Nasdaq: CNET), a premier global interactive content company, in a cash and stock transaction. EDventure has built a reputation as an independent authority on technology issues through its prestigious Release 1.0 publications and PC Forum executive conferences. The Jordan, Edmiston Group represented EDventure in this transaction.

Market News International, Inc. ("MNI") has been sold to Xinhua Financial Network, Ltd ("Xinhua Finance"). MNI is the leading news, intelligence and analysis agency dedicated to the global fixed income and foreign exchange markets. This transaction marks the first U.S. financial information services acquisition by a Chinese company. Xinhua Finance is rapidly becoming a significant participant within the global financial information industry. The Jordan, Edmiston Group initiated this transaction and represented MNl in negotiations.

Wicks Business Information has sold Alternative Investor to Dow Jones & Company for $85 million, plus working capital and a potential performance-based payment of $5 million. Alternative Investor was created through the combination of three independent companies – Asset Alternatives, VentureOne and Venture Reporter – and has become a powerful and profitable leader in providing data, analysis, news and events to the private equity community around the globe. The Jordan, Edmiston Group initiated this transaction and represented Wicks Business Information in negotiations.

Pfingsten Publishing, L.L.C. has acquired the assets of Advanstar's Art Group from Advanstar Communications, Inc. The acquisition combines Pfingsten’s art properties – DÉCOR magazine, four DÉCOR Expo tradeshows and Art Expressions magazine – with Advanstar’s Art Business News, Framing Business News, Artexpo New York and Art Miami into a single business unit. The Jordan, Edmiston Group represented Pfingsten Publishing in this transaction.

Euromoney Institutional Investor PLC ("Euromoney") has acquired 80% of Information Management Network ("IMN"), the New York-based financial conference organizer. The initial cash consideration is approximately $29 million with three further payments to be made in 2005, 2006 and 2007. The maximum acquisition price payable for 100% of IMN is $100 million. IMN was represented in this transaction by The Jordan, Edmiston Group.

Active Interest Media ("AIM") has acquired Chantilly, VA-based Home Buyer Publications, publisher of special interest consumer magazines Log Home Living and Timber Frame Homes and a trade publication, Building Systems Magazine. The company also produces nearly a dozen three-day log home shows and more than two dozen building seminars that attract thousands of consumers from around the country. AIM, which is headed by Efrem “Skip??? Zimbalist III, former chief executive officer of Times Mirror Magazines, was represented in this transaction by The Jordan, Edmiston Group.

Marvel Enterprises, Inc. (NYSE: MVL) has acquired the business and certain assets of New York City-based Cover Concepts from The Hearst Corporation. Cover Concepts specializes in the distribution of free, sponsored materials to public schools across the U.S. It sells advertising space on those materials, and its major advertisers include Gatorade and McDonald's. The Jordan, Edmiston Group represented Hearst in this transaction.