Crain's Chicago Business featured our portfolio company Legacy.com in a piece about the company's expansion and growth within a challenging environment for the newspaper industry. In describing our relationship with Legacy.com, Crain's reporter Lynne Marek wrote:
"Legacy's success attracted Boston-based Great Hill Partners LLC, the private-equity firm that bought it last year. The deal valued the company at between $50 million and $100 million, says Mr. Bartol... He agreed to stay, keeping a small ownership stake along with some other top executives.
"Great Hill's backing paved the way for Legacy's purchase of London-based Web Announcements Ltd. in May, adding 400 European newspaper partners to the 900 it has in the U.S., Canada, Australia, New Zealand and the United Kingdom.
“ 'The company is well-positioned—it developed the broadest set of relationships in the industry,” says Michael Kumin, a managing partner at Great Hill. 'It has massive consumer traffic.' "
Read the full article from Crain's Chicago Business.