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BtoB

UBM acquires remaining shares of RISI

Published on .

London—United Business Media announced it has acquired the remaining 48% of the holding company of RISI from its joint venture partner, Pegasus Partners II, for a total cash consideration of $14.3 million.

Based in Bedford, Mass., RISI is a media and information company serving the paper and forest products industry.

“RISI is a well-positioned business with excellent opportunities to expand its portfolio of data and information-based subscription products and services for the growing global market for paper and paper-based products,” UBM CEO David Levin said in a statement.

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