Infocommerce Partners Leads Recapitalization and Acquisition to Form McVeigh Global Meeting and Events

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Infocommerce Partners Holdings, a Boston-based private equity firm, in conjunction with its affiliated fund Infocommerce Capital and Siguler Guff of New York City, are pleased to announce they have completed the merger of Fourth Wall Events with WorldTek Events while simultaneously funding the acquisition of McVeigh Associates.

Infocommerce Partners Holdings, LLC (“Infocommerce Partners” or “ICP”), a Boston-based private equity firm, in conjunction with its affiliated fund Infocommerce Capital I, L.P. and Siguler Guff of New York City, are pleased to announce they have completed the merger of Fourth Wall Events with WorldTek Events while simultaneously funding the acquisition of McVeigh Associates. The combined entity will re-brand as McVeigh Global Meetings and Events, LLC (“MGME”). Infocommerce Partners led the transaction, with debt and equity participation by Siguler Guff, and equity participation by company management. Financial terms were not disclosed.

The combination of the three companies will give MGME market leading expertise in event and meeting management and the resources to serve its global customer base. MGME’s diverse customers include professional associations, and industry leading pharmaceutical, energy, and financial services companies. Jeff Guberman, former President of Fourth Wall Events, has been appointed CEO of MGME and will lead the combined team to execute on a strategy focused on a mix of internal growth and complimentary add-on acquisitions.

“Merging these three companies will help them fully leverage their complementary skills and service offerings, while also creating a company in the industry’s sweet spot: large enough to dependably deliver a full suite of event and meeting services, while still small enough to offer customized and personalized service to its clients,” said Martin Madden, President of Infocommerce Partners.

“ICP’s investment accelerates MGME’s ability to offer a truly complete set of services to our clients,” said Guberman. “The team at ICP stands out for its deep industry expertise and hands-on operational support. As a management team, we are excited about the partnership.”

Mark Denomme, Managing Director of Siguler Guff, commented that, “We are pleased to have participated in this transaction, which brings together three well-established and successful companies and unites them under a strong management team to create a true full-service industry player with significantly expanded geographic reach.”

About Infocommerce Partners

Infocommerce Partners (ICP) is a private equity firm based outside of Boston, MA that pursues a specific and differentiated investment strategy. The firm focuses on making control investments in high growth services companies including information and media services, technology enabled services, and healthcare services at the small end of the middle market. ICP targets companies with a history of revenue growth, high operating margins and reasonable capital requirements and specializes in buying and building companies in partnership with the existing owners or management teams. (http://www.infocommercepartners.com)

About Siguler Guff

Siguler Guff is a multi-strategy private equity investment firm that, together with its affiliates, has over $13 billion of assets under management. With more than 20 years of experience investing as a firm in the private markets, Siguler Guff seeks to generate strong, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff's investment products include multi-manager funds, direct investment funds and customized separate accounts. The Firm currently serves over 600 institutional clients and more than 900 family office and high net worth investors. Headquartered in New York, Siguler Guff maintains offices in Boston, London, Moscow, Mumbai, São Paulo, Shanghai, Seoul, Tokyo, Hong Kong and Sugar Land, Texas. To learn more about Siguler Guff, please visit http://www.sigulerguff.com.

Contact:

Martin Madden
President, Infocommerce Partners
(978) 750-1315
mmadden(at)infocommercepartners(dot)com

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Martin Madden
@infocommerce
since: 07/2009
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