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Published July 6, 2009 at 1:15 PM
Two years ago John Zieser rarely heard from private equity or venture capital firms interested in partnering on deals. Now Zieser, who leads corporate development for the media company Meredith Corp. (NYSE:MDP), says he's having those conversations almost daily on both the traditional and new-media side.
And those discussions have resulted in deals. Recently Meredith -- with holdings in digital, broadcast and print media, including Better Homes and Gardens, Fitness and More magazines -- took a 20% stake in Real Girls Media Network alongside PE investors with an exclusive option to acquire the remaining 80%. It also aligned with the PE media fund Veronis Suhler Stevenson on early-stage digital marketing and media investments.
In this edition of Inside The Deal, Zieser says not only are PE and VC firms seeking strategic partners, they're structuring deals differently. "They are coming to us or other strategic partners and trying to do
much more creative deals, which will not be around cost synergies or
turnaround. They'll be more strategically structured." See the video below or download it at iTunes. - Suzanne Stevens
Leezie Kim is rejoining the Phoenix office of Quarles & Brady LLP as a partner. She will continue her corporate transactions practice. For other updates launch today's Movers & shakers slideshow.
Dechert's Henry Nassau at the 18th annual Wharton Private Equity and Venture Capital Conference tells The Deal Pipeline how to shine in the middle market. More video
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