Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) grew 17% to $94 million, from $80 million in 2005.
Fourth-quarter revenue rose 9% to $61.9 million, from $56.7 million. Adjusted EBITDA grew 9% to $61.9 million, from $56.7 million in the same period in 2005. The increase was primarily due to 10% growth in both the power sports and life sciences segments.
Last week private equity firm Veronis Suhler Stevenson said it had agreed to acquire Advanstar, for $1.1 billion, from private equity fund DLJ Merchant Banking Partners III. The deal is expected to close in May or early June.