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DLJ Merchant Banking closes Advanstar acquisition

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New York--DLJ Merchant Banking Partners has closed on its $900 million acquisition of Advanstar Inc., which was announced in mid-August. The deal includes the purchase of all Advanstar subsidiaries, including Hive4.com and Advanstar Communications Inc. DLJ Merchant Banking Partners is an affiliate of Donaldson Lufkin & Jenrette, the investment bank that is currently being acquired by Zurich-based Credit Suisse Group for $13.7 billion.
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