New York, January 26, 2006 — Berkery, Noyes & Co., LLC announced today that it represented Outsourcing Today LLC and Unicomm LLC in the divestiture of HRO World Conference & Exposition (“HRO World”) and HRO World Europe Conference & Exposition (“HRO Europe”) to LRP Publications, Inc.
HRO World and HRO Europe are both owned in a 50-50 joint venture by Outsourcing Today and Unicomm. HRO World is the world’s largest human resource outsourcing event and is currently held annually at the New York Hilton Hotel. The Company plans to launch a second conference on February 8, 2006 in Los Angeles, California. HRO Europe just completed its second annual conference in November 2005 in Brussels, Belgium. HRO World and HRO Europe offer buyers and providers of HRO services a venue to meet and explore HRO options and solutions.
LRP publishes more than 110 newsletters in the fields of education administration, human resources, law and higher education. The Company also produces over 35 conferences and trade shows.
Terms of the transaction were not disclosed.
About Berkery, Noyes & Co., LLC
Berkery, Noyes specializes in investment banking for the information, publishing, and communications industries. Among the most recent transactions completed by Berkery, Noyes over the last twelve months are the acquisition by WebMD Health of Conceptis Technologies, Highline Media, LLC of Adams Business Media Financial magazines, the sale of Current Medicine Group to Springer Science+Business Media, acquisition by The Wicks Group of DesignWrite, Inc., the acquisition by Veronis Suhler Stevenson of Facts On File, the acquisition by ProQuest Company of Voyager Expanded Learning, the acquisition by Wolters Kluwer Health of Boucher Communications, Inc., the acquisition of Delta Education LLC by School Specialty, Inc., and the sale of the assets of Medquest Communications to VendomeGroup LLC.
Berkery, Noyes’ clients include private companies seeking a buyer, and most of the major international information companies and private equity firms who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates and in managing divestitures. The firm operates with a staff of twenty-six professionals serving the information and publishing industry from offices in New York. For more information, visit www.berkerynoyes.com.