Monday, March 19, 2007
What Can David Nussbaum Do With $100 million?
Former Penton Media CEO David Nussbaum has hooked up with ABRY Partners to launch Sundance Business Enterprises, which plans "to invest in business-to-business media, services, and vertically focused online companies."
According to the press release, "ABRY Partners has committed $100 million of equity capital to this venture which should approximate at least a half billion dollars in transaction value."
That's a lot of scratch.
As you know, I think David is a quality guy, who did yoeman's work in saving Penton Media from extinction. It'll be great to watch what he can do without having to worry about onerous debt loads and fickle public markets.
I'm sure the M&A guys are smiling--no slowdown in sight for b2b media transactions.
Comments
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According to the press release, "ABRY Partners has committed $100 million of equity capital to this venture which should approximate at least a half billion dollars in transaction value."
That's a lot of scratch.
As you know, I think David is a quality guy, who did yoeman's work in saving Penton Media from extinction. It'll be great to watch what he can do without having to worry about onerous debt loads and fickle public markets.
I'm sure the M&A guys are smiling--no slowdown in sight for b2b media transactions.
