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Media vet, fund team up

Krakoff looks for acquisitions in the B2B arena

Business media vet Robert Krakoff has formed a new partnership with investment fund Blackstone Group to pursue opportunities in the business-to-business media industry.

Working through his Blantyre Partners strategic management and investment firm, which he launched last year, Krakoff will look for acquisition opportunities in the B2B communications arena, tapping into Blackstone’s $6.5 billion Capital Partners IV fund.

“The business-to-business communications industry offers a large variety of acquisition opportunities to build and grow a major business-to-business company,” noted Krakoff. “Blackstone, with its unique skills and substantial resources and relationships, is an ideal partner for this project.”

Krakoff is a former vice chairman of Reed Elsevier, corporate parent of Daily Variety. From 1996-2003, he was CEO of B2B media company Advanstar, which publishes 76 magazines and runs 94 trade shows and conferences.

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