The number of newsletter deals climbed from four in last year’s third quarter to 11 this year while the dollar value rocketed from just $4 million to $218.1 million according to merger and acquisition advisory firm Whitestone Communications, Inc.
The much larger dollar value is mostly due to the sale of Phillips International’s health division to ACI Capital Co. Inc. and American Securities Capital Partners LLC (NL/NL 9/17/04). Whitestone estimates the Phillips revenue at about $180 million and a purchase price at about the same level.
Whitestone Communications
1350 Avenue of the Americas, #1200
New York, NY 10019, 212-957-7100
www.whitestonecommunications.com
This article is reprinted with permission from Hotline. Copyright October 18, 2004.
