Questex Media Group completes sale to senior lenders, forms new company
Questex Media Group, Inc. has completed the 363 sale of the businesses to a new company, Questex Media Group LLC, held by a group of its senior lenders. The new Newton, MA-based company has its own financing and is not subject to Chapter 11 cases filed by the predecessor companies.
Questex Media Group LLC is the operating company that now owns and operates InfoTrends, FierceMarkets, FiveStarAlliance, ImagingNetworks, Oxford Publishing, McLean Events International Ltd and all related Questex magazines, online media and event brands. The new company will be led by its existing executive leadership along with the existing management teams of its business units.
“We are thrilled to complete the financial restructuring and provide a new future for our businesses,” says Kerry Gumas, President and CEO of Questex Media Group LLC. “I would like to thank all of our dedicated employees, loyal customers, partners, advisers and our senior lenders and investors for their contributions to the success of this process. We now have the opportunity to move forward with strong financial footing to continue delivering great products and services for our customers.”
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