New York, NY (PRWEB) February 27, 2008
DeSilva+Phillips, media investment bankers, is pleased to announce that Virgo Publishing has been acquired by Arlington Capital Partners, a Washington, DC-based private-equity fund with more than $1 billion of committed capital under management. DeSilva+Phillips advised Virgo Publishing, a portfolio company of Seaport Capital, in the transaction.
Founded in 1986 and based in Phoenix, Virgo publishes seventeen national trade magazines and produces ten trade shows and conferences across several industry groups including natural products and healthcare, telecommunications and business solutions. Virgo is the producer of SupplySide and has been successful in leveraging its events, publications and electronic media to provide integrated solutions to the markets it serves and will continue to focus on expansion through key strategic acquisitions.
Virgo Publishing has an accomplished and experienced management team and will continue to be led by its President and CEO, Jenny Bolton. The entire publishing, events and online organization will also remain intact.
In 2004, DeSilva+Phillips advised the owners and senior management of Virgo Publishing in a sales process that resulted in the acquisition by Seaport Capital, a private equity firm based in New York City. Roland DeSilva, the managing partner who oversaw both the sale to Arlington Capital Partners and the sale three years earlier to Seaport, commented: "We have had the opportunity to see private equity ownership, in partnership with a strong management team, grow a company and leave it with an even brighter future under Arlington Capital's ownership."
Arlington Capital Partners is a middle market private equity firm focused on buyouts and recapitalizations in targeted growth industries in partnership with management. The firm leverages a combination of private equity and operating experience, as well as an extensive network of strategic contacts, enabling Arlington to be a value-added partner and investor.
"Arlington Partners is pleased to partner with CEO Jenny Bolton and the Virgo management team. The team at Virgo has built an extraordinary track record over the last 20 years, and we look forward to our partnership during the next phase of the company's growth," said Perry Steiner of Arlington Capital.
DeSilva+Phillips, media investment bankers, is a New York-based investment bank specializing in the media, digital media and healthcare communications industries. The firm provides M&A services and private placements of debt and equity to the magazine, Internet, medical and healthcare media, information industries, marketing services, newspaper, book publishing, trade show & events, and educational media. DeSilva+Phillips has completed more than 197 transactions since 1996. DeSilva+Phillips Corporate Finance LLC is a member of FINRA and SIPC.