Avista Capital Partners buys Phillips Investment Resources

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New York—Private equity firm Avista Capital Partners has acquired Phillips Investment Resources (PIR), which provides subscription-based investment advice, from Phillips International. Financial terms were not disclosed. PIR offers 23 subscription-based advisory services from 16 expert advisers; the company has a total of about 220,000 subscribers. John Coyle, president of PIR, will continue to run the company.
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