There’s Life in the Obit Business

Explore this investment 06.22.13

Crain’s Chicago Business featured our portfolio company in a piece about the company’s expansion and growth within a challenging environment for the newspaper industry. In describing our relationship with, 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.