Questex, a leading global business information and events company, announced that Shamrock Capital Advisors, a Los Angeles-based private equity firm, has acquired the company in partnership with senior management. “Shamrock Capital is the perfect partner for Questex at this point in our evolution,” says Kerry C. Gumas, president and CEO of Questex. “They have a deep understanding of the media, communications, and entertainment sectors and the customers we serve. They support our ongoing business initiatives and they share our goal of extending Questex’s service offerings and market footprint." The company will continue to develop its existing product portfolio while pursuing acquisitions to further solidify Questex’s leadership position in its core markets. “Over the years, Questex has aggregated a unique set of assets with significant untapped potential,” says William Wynperle, partner at Shamrock Capital Advisors. “We look forward to working with Kerry and the Questex team to capitalize on a tremendous need in today’s marketplace through additional strategic investments and the benefit of our combined experience.” The acquisition reflects the strength of company’s business model and growth strategy in key market segments. "Since Questex was founded nine years ago, it has evolved into a technology-enabled platform integrating events, digital media and information products,” says Gumas. “We serve our customers in growth sectors, including hospitality and travel, entertainment, beauty and wellness, technology, and life sciences and healthcare in the Americas, Europe, and Asia/Pacific. The Shamrock team shares our vision of the vital benefits that business events and high-quality digital information products and solutions can provide our customers to aid them in achieving their business and professional objectives. We are especially glad to be able to partner with Shamrock to continue to invest in these services for the benefit of all our customers and stakeholders."
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