Company News
Castanea Partners Completes Sale of Medley Global Advisors to The Financial Times
Newton, MA – February 3, 2010 - Castanea Partners announced today the sale of Medley Global Advisors to The Financial Times, a subsidiary of Pearson. Medley Global Advisors (MGA) is the premier provider of policy information on monetary, fiscal, regulatory and political developments to many of the world’s leading banks, mutual funds, hedge funds, and other institutional investors. Headquartered in New York City, MGA has satellite offices in Washington DC, London, Tokyo and Hong Kong. In late 2005, Castanea purchased Medley Global Advisors, in partnership with Boston Ventures Management LLC.
Medley provides in-depth research and analysis through email and verbal consultations to help clients understand and anticipate major policy events driving interest rate, currency and energy markets.
Financial details of the transaction were not disclosed.
About Castanea
Castanea Partners is a private equity firm that invests in small and middle market companies in information services, education, marketing services, consumer brands, and specialty retail. The firm has extensive operating and private equity investment experience in these sectors and, working closely with management, seeks to optimize business performance and realize attractive returns.
Castanea participates in leveraged buyouts, growth and acquisition equity investments, and operationally challenging situations. The firm is currently investing from its third fund, a $575 million fund that targets companies with enterprise values up to $250 million.
For more information, visit www.castaneapartners.com or contact Andrew Collina at 617.630.2441 or acollina@castaneapartners.com.
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