Investment and Buyout Activities
As of 2008 VSS's portfolio of equity and capital funds have been invested in more than 65 companies, resulting in over 300 mergers, add-ons and acquisitions transactions. Current and former platform company investments for VSS include Infobase Publishing, Kansas Broadcasting System, ITE Group, Granada Learning, CSC Media Group, Cambium Learning Group, and Yellow Book USA. VSS management of equity and mezzanine investment funds commenced from 1987, and in that year completed some 25 media company deals at a value totalling over $1 billion. By 2006 VSS investment funds managed commitments over $2.8 billion.
In 2005, VSS partnered with Mecom Group—an investment company headed by former Mirror Group chief executive David Montgomery—to acquire Berliner Verlag, the publisher of German daily newspapers Berliner Zeitung and Berliner Kurier, among other titles. This acquisition, of a company valued at £53m from the former owners Holtzbrinck, represented the first foreign takeover of a German daily newspaper.
Read more about this topic: Veronis Suhler Stevenson
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