This week’s highlighted deal isn’t particularly large and it probably pales in importance to Apollo Management’s collapsing agreement to buy specialty chemicals company Huntsman. But it comes at a particularly important time for
Austin Ventures reportedly is in advanced negotiations to acquire
Some limited partners of the Austin Ventures’ previous funds say that the firm’s later stage investments, including a limited number of buyouts, are far stronger than the early stage deals.
That means Austin Ventures is playing to its relative strength by going after Entrepreneur Media, which could help push a few prospective investors off the fence and into an LPA for its 10th fund.
Entrepreneur Media was founded as a newsletter in 1973 and started the magazine Entrepreneur in 1977. The monthly now boasts a circulation of 600,000. In 1996, the company launched Entrepreneur.com and operates the book publishing unit Entrepreneur Press.
It reportedly has been profitable, a big part of the appeal Austin Ventures, according to some published reports.