Forbes Announces Elevation Partners Investment in Family Held Company; Both Companies Cite Exciting Opportunities for Growth and The Future.

Business Wire | August 7, 2006 | Copyright

NEW YORK -- Forbes, a family held company, announced today an investment in the company by Elevation Partners in which the private equity firm has become a minority shareholder in a newly formed company, Forbes Media, LLC, the publisher of Forbes magazine, Forbes.com and other media properties.

In making the announcement Steve Forbes, President and CEO of Forbes and Editor-in-Chief of Forbes magazine said, "This investment by Elevation Partners will now accelerate our pursuit of a number of very exciting opportunities for growth. The team brings impressive ...

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