Veronis Suhler Stevenson completes acquisition of Advanstar

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New York—Private equity firm Veronis Suhler Stevenson said last week that it has completed its $1.10 billion acquisition of b-to-b media company Advanstar Communications. Veronis agreed in April to buy Advanstar from private equity fund DLJ Merchant Banking Partners III, an affiliate of Credit Suisse that acquired Advanstar for $900 million in 2000. Advanstar targets three vertical markets: fashion, life sciences and power sports.
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