Investment group completes Hanley Wood acquisition

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New York—An investment group led by J.P. Morgan Partners, a private equity affiliate of J.P. Morgan Chase & Co., announced it has closed on its purchase of Hanley Wood from Veronis Suhler Stevenson.

The value of the deal is said to approach $650 million, making it the second-largest sale of a b-to-b media property.

With the closing, Frank Anton, formerly president of the company, takes over as Hanley Wood CEO. He succeeds Mike Wood, who will remain as a board member.

—Sean Callahan

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