AC Business Media sold its business-to-business portfolio that was comprised mainly of publications and one trade show to Florida-based private equity firm Boyne Capital.

The assets included in the sale are the following 12 publications, the DHI ConNextions trade show for the non-residential door and hardware industry, one digital marketing services brand, several related websites and digital products.

“This acquisition for Boyne Capital is a great platform in the heavy construction, commercial building and marketing sectors within the B2B industry.  This platform will set the stage for future growth with acquisitions in these industries and other new sectors,” said Nick Curci, president of Corporate Solutions. 

He added, “Boyne Capital was the winning bidder after careful consideration of several other offers by other strategic and financial buyers.  AC Business Media did an exceptional job growing this business over the past four years both organically and with strategic acquisitions.”

Corporate Solutions represented Cygnus Business Media in the sale of the heavy construction properties to AC Business Media four years ago when AC Business Media was formed. 

Corporate Solutions represented the sellers of the DHI ConNextions trade show and DMN to AC Business Media also one year ago. 

Another pre-Labor Day sale was U.K.-based mid-market private equity investor LDC backed the management buyout of global events company FC Business Intelligence (FCBI). The value of the transaction was undisclosed.

FCBI delivers conference and exhibition events with a focus on providing thought leadership in a diverse range of sectors that are facing both challenges and opportunities from technological and strategic innovation including the energy, insurance, pharmaceuticals transportation and travel sectors. Its offering is designed to help senior business professionals stay at the forefront of change through insight sharing and networking with peers.

The investment will enable FCBI to target further organic growth as it plans to increase the scale of its events and expand into new markets, including Asia.

The business also will look to make a number of acquisitions both at home and overseas.

With 130 employees based at its head office in Shoreditch, FCBI operates globally with 65 percent of the company’s annual turnover of £30m generated in the U.S., 20 percent in continental Europe and 10 percent in the UK.