Bonhill Group Plc has completed its roughly $27.1 million acquisition of InvestmentNews.
London-based Bonhill, formerly known as Vitesse Media Plc, announced its intention to acquire InvestmentNews from Crain Communications Inc. on July 31. Shareholders of Bonhill, which is publicly traded on the London Stock Exchange's AIM market, approved the deal Thursday.
With the completion of the transaction, InvestmentNews publisher Suzanne Siracuse was named chief executive officer of InvestmentNews. Associate publisher Mark Bruno was named a managing director and editor Frederick P. Gabriel Jr. was promoted to editorial director. The rest of InvestmentNews' leadership team will remain intact — as will its award-winning editorial, multimedia, audience, custom, research and data, marketing, sales and events divisions.
Bonhill is publisher of such websites as SmallBusiness.co.uk, GrowthCompany.co.uk, GrowthBusiness.co.uk, WhatInvestment.co.uk and Information Age. It also operates a growing portfolio of events, including The Quoted Company Awards, The Global Women in IT Awards series and British Small Business Awards.
InvestmentNews began publication in 1997 as a weekly print magazine covering the U.S. financial advice profession. It has since expanded its engagement with its core audience through the launch of an award-winning website, live events, and research and data offerings.
Today, InvestmentNews is the No. 1 media brand in the financial advice market, with more than 150,000 weekly print readers. InvestmentNews.com garners an average of 545,000 unique visitors each month. In addition, InvestmentNews operates a growing events business, which includes the Retirement Income Summit, Women Adviser Summit and Best Practices Workshop. It also produces editorial and custom research relevant to advisers and the businesses that serve them.