Thompson Publishing Group Completes the Acquisition of Sheshunoff
August 15, 2005
New York. NY, August 15, 2005 - MidOcean is pleased to announce that its portfolio company, Thompson Publishing Group (“TPG”), successfully acquired Alex eSolutions, Inc., previously known as Sheshunoff Information Services (“Sheshunoff”)
Sheshunoff is the publisher of approximately 400 subscription based products in a variety of formats (books, CDs. binders. newsletters and online) targeted at financial institutions with assets ranging from $250 million to $1 billion. The products provided by Sheshunoff are critical for their customers serving as a ready reference tool for a variety of regulatory and compliance issues.
“This is a great acquisition for Thompson Publishing” said Phil Gabel, Chief Executive Officer of Thompson Publishing Group. “Sheshunoff is an asset that I know well and it is very complimentary and accretive to our existing business. It effectively doubles the size of our platform.”
Tyler Zachem ol MidOcean Partners commented “The Sheshunoff acquisition is what our buy and build strategy is all about. We are backing a superior manager and have acquired an attractive platform in Thompson. Now we are using that platform to make highly accretive add-on acquisitions. With this acquisition, we have a great stable of subscription based products in attractive industry verticals to build upon. The professional publishing space is one that we know well and it exemplifies MidOcean's stable growth investment philosophy.”
TPG acquired Sheshunoff outside of an auction process and was able to leverage the expertise of TPG's CEO, who had previously served as the CEO of Sheshunoff. The purchase price was funded with senior bank debt funded by National City.
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About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed over $4.5 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages approximately $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of November 30, 2018
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