Shamrock Capital, a Los Angeles-based investment firm with about $1.9 billion of assets exclusively in the media, entertainment and communications sectors, has reached an agreement with Beringer Capital to acquire Adweek, the leading media and events company serving the brand marketing community.
As part of the deal, Shamrock will acquire Adweek’s diversified business, which has greatly expanded over the past four years with a robust event, community and education portfolio. Building upon award-winning journalism, Adweek launched more than 40 new products, which include reimagined Brandweek, NexTech and Challenger Brands summits, CMO Symposiums, as well as Adweek’s D&I Council and the Institute for Brand Marketing, done in partnership with IBM.
Jeffrey Litvack, CEO of Adweek, will continue to lead the company. Adweek’s editorial and business operations remain unchanged—if anything, the deal…