Joesph Loggia is the CEO of Advanstar Communications Inc..
Advanstar Communications is a leading business publishing company with over 60 trade and professional magazines. The company is also a big player in the trade show and convention business. Advanstar operates in three categories: fashion, life sciences and power sports. Total sales for the company were about $320 million in 2006.
In April 2005, Advanstar sold its Information Technology & Communications, Travel & Hospitality, Beauty, Home Entertainment and Abilities and Portfolio groups to Questex Media Group for $185 million.
A privately held company, Advanstar was bought by DLJ Merchant Banking Partners III LP in 2000 for $900 million plus the assumption of $520 million in debt.
In March 2007, private equity firm Veronis Suhler Stevenson agreed to purchase Advanstar Communications for $1.15 billion. Citigroup Private Equity and New York Life Capital Partners are co-investors in the deal.
