In the days of dwindling resources for print publications, it almost seems natural to have private equity firms buy up titles.
Such is the case with yesterday’s sale of CFO Publishing to Seguin Partners. CFO, which focuses on the C-level and senior finance executives, was previously owned by The Economist Group, which will retain a minority stake in the publisher once private equity firm Seguin takes over.
In 2001, the formerly-titled Bariston Partners gained its first foothold in publishing from the parent company of The Economist by buying a majority stake in The Economist Group’s Journal of Commerce. Seguin partner Alan Glass said of the purchase:
“We are thrilled at the opportunity to work with a brand as strong as CFO…(the publisher’s) award-winning editorial content and its tremendously loyal, influential audience make it a valued resource for its readers as well as an effective marketing partner for a range of blue-chip customers.”
Press release after the jump.