Ascend Media sells event media division

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Kansas City, Mo.—TGP Investments, manager of private equity investment fund TGP Capital Partners, announced Monday that the fund has acquired Ascend Media's event media division.

Financial terms of the deal were not disclosed.

Cameron Bishop, Ascend's former CEO, will be CEO of the newly acquired property, which will operate under the Ascend Media name and remain based in Overland Park, Kan.

"The portfolio of clients includes such prestigious trade associations as the American Heart Association, American Sport Fishing Association and Kansas City-based American Academy of Family Physicians; corporate clients like McDonalds Corp., Ace Hardware and the World Market Center Las Vegas; and event-specific clients like the Baseball Hall of Fame. The majority of key clients have been with the company for more than 10 years and the company executes well over 400 projects a year,” Bishop, who is also an investor in the company, said in a statement.

Berkery Noyes advised Ascend Media Holdings on the sale.

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