ABRY Partners exits VerticalScope with Torstar's $200 mln investment
Torstar Corp (TSX: TS.B) has acquired a 56 percent interest in VerticalScope Inc, a digital media company with headquarters in Toronto. The total consideration paid by Torstar was $200 million based upon an enterprise value of $404 million. As part of the transaction, Torstar has acquired the minority stake held in VerticalScope by U.S. private equity firm ABRY Partners. ABRY invested in the company in 2011. VerticalScope owns and operates more than 600 consumer shopping portals and enthusiast forum websites serving the automotive, powersports, outdoor, home, technology, sports, and health vertical markets. Torstar owns the Toronto Star and other media outlets.
29 July 2015•8 mins read
