Veronis Suhler Stevenson Teams With William Cobert on Acquisition Strategy
Veronis Suhler Stevenson (VSS), a private equity firm that invests in the media, communications, information and education industries in North America and Europe, announced this week that it has entered into a relationship with William Cobert, former CEO of Canon Communications, to explore the acquisition of trade events, conferences, magazines and e-media businesses in the business-to-business media sector. Cobert is the founder and CEO of EBITDA Media, a private holding company for business-to-business media investments.
Cobert and VSS have worked together in the past, as Canon Communications—a producer of print publications, trade shows and digital media—was a VSS portfolio company from 1996 to 2005.
“I worked closely with VSS for almost 10 years as CEO of one of their platform portfolio companies, and I have personally seen the value they add as a financial partner,” says Cobert. “With their deep industry knowledge and significant operating experience, they are able to provide tremendous strategic and financial support. I am looking forward to working with them to identify investment opportunities in a variety of market sectors.”
VSS investments in the trade show and business publishing segments of the media industry include Advanstar Communications, Hanley Wood Communications, Ascend Media and Access Intelligence. “We are believers in the long-term growth of business-to-business media, and we are very pleased to be working with Bill Cobert again,” says Hal Greenberg, a managing director of VSS. “He is an outstanding executive and has proven himself as an operator who can successfully executive a build-and-buy strategy. The experience and expertise of VSS, coupled with Bill’s know-how, should make a highly successful combination.”