February 3, 2010

Castanea Partners Completes Sale of Medley Global Advisors to The Financial Times

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 is a private equity firm that works in partnership with founders and management teams of innovative passion brands to grow their businesses through a combination of capital investment and operating expertise. We are focused on select consumer verticals including beauty, food and beverage, multi-unit services, and enthusiast lifestyle. We typically invest between $15 to $150 million of equity in minority or majority transactions. Our team of talented operating executives offers critical expertise in key verticals and functional areas, and provides our partner companies with strategic and tactical support. Castanea has more than $1 billion in assets under management and is currently investing from a $735 million fourth fund. For more information about Castanea Partners read our story.

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