Shamrock Capital, a Los Angeles-based investment firm focused on the media, entertainment and communications sector, today announced the completion of the sale of Questex Intermediate Holdings, Inc. (Questex) to an entity affiliated with MidOcean Partners. Financial terms of the transaction were not disclosed.
It has been a pleasure working with the Questex leadership team over the past several years during the companys evolution into a leading global business events company, said Will Wynperle, Partner at Shamrock Capital. Shamrock believes that the company will continue to grow and prosper under MidOceans ownership.
Kerry C. Gumas, President & CEO of Questex, added, Over the past several years, we have driven strong growth in our events portfolio, which has been a key driver in the companys successful exit.
Jefferies LLC served as financial advisor and Kirkland & Ellis LLP as legal advisor to Questex on the transaction.
About Shamrock Capital
Shamrock Capital is a Los Angeles-based investment firm with approximately $1.9 billion of assets under management, investing exclusively in the media, entertainment and communications sectors. Shamrock was originally founded in 1978 as the family investment company of the late Roy E. Disney and has since evolved into an institutional money manager with a leading group of investors including endowment and pension funds. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. Shamrocks current investments include Appetize, Branded Cities, BTI Studios, FanDuel, INgrooves Music Group, Maple Media, Mobilitie, Omega Wireless, Pixellot, Screenvision Media, Silvergate Media and Wpromote. For more information, visit: shamrockcap.com.
Questex is a leading global business information and events company serving corporate clients and industries that are driving economic growth and business innovation around the world.
The company drives business investment, innovation and demand creation in the markets it serves by bringing together investors, buyers, sellers and professionals through its over 125 tradeshows, conferences, and hosted buyer events. Questex complementary digital media and data assets enable the company to engage with key decision makers in its core markets year round.