Avista Closes PIR Buyout

Avista Capital Partners has acquired Phillips Investment Resources LLC, a Rockville, Md.-based provider of subscription-based investment advice, from Phillips International Inc. No financial terms were disclosed. Phillips International was advised on the sale by The Jordan, Edmiston Group. www.avistacap.com www.phillips.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />