BV Investment Partners, a middle-market private equity firm, has sold its portfolio company Northstar Travel Media, to The Wicks Group of Companies.
This is the fourth exit in 2012 for BV Investment Partners.
Northstar is a business information and marketing solutions provider to the USD964bn global, travel, tourism, and meetings industries.
The Northstar assets include brands that have been serving the travel industry for over 30 years, including Travel Weekly, Meetings & Conventions, Travel Age West, Successful Meetings, Business Travel News, Incentive, Meeting News, and PhoCusWright.
Andrew C. Davis (pictured), a managing director of BV, says: "Northstar’s superb management team led by CEO Tom Kemp, whom we recruited in 2009, did an outstanding job of growing this company and strengthening its leadership position in its served markets. The company has been transformed from a print publishing business to a multi-dimensional cross platform business information and marketing services company as a result of continued investment in strong leadership, innovative new product development, and complementary acquisitions. We are pleased with this successful outcome and believe the company will continue to thrive under The Wicks Group."
Thomas Kemp, chairman and chief executive of Northstar, says: "BV’s expertise in the business and information services sector proved pivotal as we worked together to pursue new avenues of growth over the past several years. We are proud of the way we have grown and transformed the business under BV’s ownership and we look forward to working with our new partners at The Wicks Group to begin our next stage of development."
