| Veronis Suhler Stevenson | |
| Type | Private Ownership |
|---|---|
| Industry | Private Equity |
| Founded | 1981 |
| Headquarters | New York, New York, United States |
| Key people | John J. Veronis and John S. Suhler |
| Products | private equity funds |
| Total assets | $2.8 billion |
| Website | www.vss.com |
Veronis Suhler Stevenson, or VSS is a private equity firm whose investments are exclusively concentrated in the Media industry and related sectors including information, education, marketing services and business services. Founded in 1981, VSS manages a number of private equity funds for strategic buyouts and structured growth or mezzanine capital investments, in mid-range companies operating in the information, education, media, marketing services, and business services sectors of North America and Europe.[1]
VSS has headquarters based in New York, and has offices in London where it operates as Veronis Suhler Stevenson International Ltd.[2]
Contents |
Corporate history [link]
The company was founded as Veronis, Suhler & Associates (VS&A) in 1981, by John J. Veronis and John S. Suhler.[3] Veronis had been co-founder of Psychology Today magazine and its associated enterprises, and Suhler was a former president of CBS Publishing Group.[4] Jeffrey T. Stevenson joined the company the following year, and became a named partner in 2001. There are five partners altogether in the senior management structure, and the company employs more than 50 staff across its two offices.[5]
Investment and buyout activities [link]
As of 2008[update] 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,[6] and in that year completed some 25 media company deals at a value totalling over $1 billion.[7] By 2006 VSS investment funds managed commitments over $2.8 billion.[8]
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.[9]
Media industry publications [link]
In addition to its investment and recapitalization portfolios, VSS also conducts and publishes research data on financing & statistics, forecasts and industry trends for the media, publishing and communications sector. It produces two widely consulted American media industry periodicals, Communications Industry Forecast (ISSN 1546-0797) and Communications Industry Report (ISSN 1552-7034).[10]
Notes [link]
- ^ "About VSS". VSS corporate website. https://www.vss.com/about_vss/index.asp. Retrieved 2008-08-19.
- ^ "Contacts". VSS corporate website. https://www.vss.com/contacts/index.asp. Retrieved 2008-08-19.
- ^ World Advertising Research Center (n.d.)
- ^ Fabrikant (1988)
- ^ "Team". VSS corporate website. https://www.vss.com/team/index.asp. Retrieved 2008-08-19.
- ^ World Advertising Research Center (n.d.)
- ^ Fabrikant (1988)
- ^ World Advertising Research Center (n.d.)
- ^ Brook (2005)
- ^ Greco (2005, pp.98–100,278)
References [link]
- Brook, Stephen (October 25, 2005). "Montgomery concludes German publisher deal". The Guardian (Guardian Media Group). https://www.guardian.co.uk/media/2005/oct/25/pressandpublishing.business. Retrieved 2008-08-19.
- Fabrikant, Geraldine (July 15, 1988). "The Media Business; Matchmakers for Magazine Industry". New York Times (The New York Times Company). https://query.nytimes.com/gst/fullpage.html?res=940DE6D61431F937A35754C0A96E948260&sec=&spon=&pagewanted=all. Retrieved 2008-08-19.
- Greco, Albert N. (2005). The Book Publishing Industry (2nd edition ed.). Mahwah, NJ: Lawrence Erlbaum Associates. ISBN 0-8058-4853-3. OCLC 53954261.
- World Advertising Research Center (n.d.). "Veronis Suhler Stevenson". Content & Partners. WARC. https://www.warc.com/ContentAndPartners/VSS.asp. Retrieved 2008-08-19.
External links [link]
- Veronis Suhler Stevenson corporate website
- Works by or about Veronis Suhler Stevenson in libraries (WorldCat catalog)
- Works by or about Veronis, Suhler & Associates in libraries (WorldCat catalog)
|
|||||||||||||||||
