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MidOcean Partners Announces Agreement to Sell Thompson Publishing Group

22nd November, 2006

MidOcean Partners, a New York and London-based private investment firm, today announced that it has agreed to sell its interest in Thompson Publishing Group ("TPG"), a leading provider of subscription based information services, to its partner Avista Capital Partners.

Founded in 1972, Thompson Publishing is one of the foremost professional publishers of information on complex laws and regulatory mandates. With more than 350 publications and approximately 110,000 subscribers, Thompson serves professionals in the human resource, education, government grants, and banking fields via subscription-based handbooks, newsletters, reference services, single-issue publications, and the Internet.

Tyler Zachem, a Managing Director at MidOcean Partners said, "Media and communications are key investment sectors for us and areas where we have created value. We are proud of what we have accomplished at Thompson over the past two and a half years. TPG is a great brand and we are confident that having worked with the TPG management team and our partners at Avista, they will continue to successfully expand its platform and grow the business."

James Finkelstein, the Chairman of TPG and an Industry Partner at Avista, said, "MidOcean has been a great partner to Thompson and Avista. Looking to the future, I am excited about the opportunities for internal growth and acquisitions available to a great business like Thompson."

Terms of the transaction, which is expected to close by year end, were not disclosed.

MidOcean acquired its interest in TPG in May 2004 and in August 2005 helped to manage the company through the strategic acquisition of Sheshunoff, a leading publisher of "how-to" publications for financial institution professionals. In July 2006, Avista acquired Credit Suisse's interest in TPG. Avista and MidOcean managed the acquisition of American Health Consultants, the world's largest publisher of health care newsletters, in late August 2006.

About MidOcean Partners

MidOcean Partners is a premier private equity firm focused on the middle market. Based in New York and London, MidOcean is committed to investing in high-quality middle market companies with stable market positions and opportunities for growth. Targeted sectors include consumer and leisure, media, communications and entertainment, business and financial services and select industrial sectors. For more information, visit http://www.midoceanpartners.com.

About Avista

Avista Capital Partners is a leading private equity firm with offices in New York, NY and Houston, TX. Founded in 2005, Avista's strategy is to make controlling or influential minority investments primarily in growth-oriented media, healthcare and energy companies. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses. http://www.avistacap.com

About Thompson Publishing Group

Thompson Publishing Group, a Washington, D.C.-based information services provider, has been a leading source of analysis and guidance for business and government executives since 1972. Professionals rely on Thompson for help in tracking, and complying with, the dynamic regulatory mandates facing their organizations in a variety of areas including financials services; human resources; pensions and benefits; grants seeking and grants management; education, including Title I; FDA; environment and energy; and healthcare.

Release link:  http://www.midoceanpartners.com


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