Harris Williams & Co. Advises Northstar Travel Group on its Sale to Wasserstein Partners
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of Northstar Travel Group (Northstar) to Wasserstein Partners (Wasserstein). Northstar is the leading provider of business-to-business information, content, events, data, research, custom content and software dedicated to the global travel and meeting industries. Harris Williams & Co. served as the exclusive advisor to Northstar, a portfolio company of The Wicks Group of Companies, L.L.C. (The Wicks Group). The transaction was led by Mike Wilkins, Erik Szyndlar and Camille Ashley of the firm’s Technology, Media & Telecom (TMT) Group.
“We are excited to have represented Northstar and its shareholders in this transaction. The management team and The Wicks Group have done an exceptional job building Northstar into the leading business-to-business information company serving the travel and meeting industries,” said Mike Wilkins, a managing director at Harris Williams & Co. “Northstar has found a great partner in Wasserstein, and we look forward to the company’s continued success.”
Erik Szyndlar, a director at Harris Williams & Co., added, “Northstar has done a tremendous job building out a multi-channel platform through both organic and inorganic initiatives. We fully expect to see continued growth as the company extends its geographic reach, expands its portfolio of solutions and capitalizes on the strong growth in the global travel sector.”
Northstar is the leading provider of business-to-business news, information, data, software and custom content solutions for the travel, meetings and hospitality industries and is the parent company of brands including Travel Weekly, Travel Weekly China, Travel Weekly Asia, TravelAge West, Business Travel News, Travel Procurement, Phocuswright, Meetings & Conventions, M&C China, M&C Asia, Successful Meetings, Meeting News, Incentive, Family Getaways, Explorer, Web in Travel and Inntopia.
The Wicks Group is a private equity firm based in New York City that invests in lower-middle market companies operating in selected segments of the information, education and media industries principally in the United States and Canada. Since its founding in 1989, The Wicks Group has invested over $1 billion of capital in 30 platform companies and approximately 100 add-on acquisitions. The firm has applied a consistent investment strategy since its founding, partnering with high-quality, experienced management teams to build businesses organically and through acquisitions.
Wasserstein Partners IV is a mid-market buyout fund managed by WP Capital Management (WP Capital), the private equity investment company formerly associated with Wasserstein Perella Group and Wasserstein & Co. The firm manages capital on behalf of institutional and individual investors. Its investment activities are focused on the media and communications, consumer products and water and industrial sectors. WP Capital’s investment team has completed 27 platform acquisitions and 48 add-on acquisitions over a 23-year period. WP Capital is located in New York.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, public sector, supply chain/logistics and travel and hospitality and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.