News and Press

CSFB Private Equity and MidOcean Partners Acquire Thompson Publishing Group

Washington D.C. . May 5, 2004 - CSFB Private Equity and MidOcean Partners, LP announced today that they have jointly acquired Thompson Publishing Group.

Founded in 1972 and based in Washington, D C., Thompson Publishing Group is a leading provider of subscription-based handbooks, newsletters, reference services and single-issue publications. With more than 60 publications and approximately 60,000 subscribers, Thompson serves professionals in the fields of human resources, pensions and bene?ts, grants and education, environment, healthcare and energy.

James Finkelstein, Chairman of CSFB Private Equity’s Global Media Partners and long time advisor to MidOcean and its predecessors will serve as Chairman of the newly acquired company. Mr. Finkelstein will leverage his extensive experience as the former president and chief executive of?cer of National Law Publishing, Co. to help grow the company.

“We have been interested in Thompson Publishing Group and this segment of the publishing industry for some time now. As the leader in core publications for professionals in a number of industries and sectors, Thompson has an excellent platform to expand organically in both traditional publishing and electronic media,” said Finkelstein. “We intend to significantly supplement our efforts through acquisitions.”

Ed Johnson, Senior Principal with DLJ Growth Capital Partners, CSFB Private Equity’s middle market fund said, “Thompson has great brand recognition and a reputation for high quality editorial content. With renewal rates of over 80%, Thompson is known as the premier source of “need-to-have” products.

Tyler Zachem of MidOcean Partners commented, “We are excited about our acquisition of Thompson Publishing Group and in partnering with Jimmy Finkelstein and CSFB Private Equity. We believe that Thompson Publishing provides a unique Opportunity to create a leading information services company in the legal, regulatory and financial markets.”

About CSFB Private Equity
CSFB Private Equity, the global private equity arm of Credit Suisse First Boston’s Alternative Capital Division, is the largest private equity manager in the world, with more than $29 billion of capital commitments under management. CSFB Private Equity is comprised of investment funds that focus globally on leveraged buyouts, mezzanine, reel estate and venture capital investments as well as primary and secondary purchases of interests in private investment funds. CSFB Private Equity, which includes the family of DLJ Merchant Banking funds, also provides Customized Fund of Funds services, designing private equity solutions for institutional and high net worth investors. CSFB Private Equity maintains offices in New York, Los Angeles, Menlo Park, Chicago, Houston, London, Buenos Aires and Tokyo.

About MidOcean Partners
MidOcean Partners was formed in 2003 as part of the $1.6 billion management buyout of Deutsche Bank’s later stage private equity assets in the United States and Europe. MidOcean targets middle market investments and its 16 professionals manage approximately $3.0 billion of private equity investments in the U.S. and Europe. Targeting investments in consumer and leisure, media and communications, business services and industrial sectors, MidOcean has had a number of highly successful investments including Center Parcs, Jostens, Prestige Brands and Strayer Education. The group recently announced the sale of Noveon International Inc. to Lubrizol. The group continues to manage investments including United Biscuits, Stratus Technologies, Jenny Craig and Celerity Holdings.


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