Private-equity Firm Buys Inside Communications
By Rocky Mountain News
2/11/08 - Boulder-based Inside Communications, the publisher of VeloNews and Inside Triathlon, sold itself to private-equity firm Falconhead Capital.
Falconhead will combine Inside Communications with a newly formed company it owns called Competitor Group. Falconhead rolled up three separate endurance-sport media companies into Competitor Group last month. Its properties include Elite Racing, which owns and operates running events, and Triathlete Magazine.
Falconhead said that when the Inside Communications deal is completed, Competitor Group's publications will have total monthly circulation of more than 500,000, and that its Web sites will have more than 1.1 million unique visitors per month.
Inside Communications will remain in Boulder following completion of the transaction, Falconhead said.
Falconhead has $500 million of assets under management and focuses on consumer-focused businesses in the sport, leisure, lifestyle and media categories.