Additional Information
Content
Group set to buy Market Wire parent
TORONTO: CCNMatthews, the Canadian news distributor and parent company of Market Wire, has entered into a deal to be acquired by OMERS Capital Partners, the private equity arm of one of Canada's largest pension funds.
Manulife Capital, the private equity group of Manulife Financial, will assume a minority stake. Financial terms of the deal were not disclosed.
Michael Nowlan, president and CEO of CCNMatthews, said the deal would not affect the day-to-day operations of the newswire company or its offerings, but nonetheless has its benefits.
"We're in an industry where there's a lot of activity going on," he said. "This…puts us on par with our major competitors as far as capital partners."
This was the latest newswire deal in a year that saw a flurry of activity, the most notable being Berkshire Hathaway's purchase of Business Wire at the beginning of 2006. CCN Matthews itself bought Market Wire last April.
This article was first published on PR Week USA
Related articles
Additional Information
Latest jobs Jobs web feed
- Head of Digital Vax Competitive + Excellent Benefits, Central Birmingham
- Group Brand Manager: Lucozade Sport GSK Competitive salary and benefits, Brentford
- Senior Account Director / Group Account Director [Experiential & Integrated] up to £60k - London Fill Recruitment Ltd Up to £60k, Central London
- business director > BIG NAME AGENCY collectivo Up to £90k + bens, London
- Project Director - Leading Digital and Direct Agency - Automotive - £55-65K Fill Recruitment Ltd £55-65K, Clerkenwell
- Wanted . . . Media Director for very successful full service Digital agency in East London . . . c£60k. Firehorse up to £60k + Great Benefits package, East London
Most read
Most commented
