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Boston Ventures News


Boston Ventures Announces Sale of CAMP Systems International LLC to Warburg Pincus (January, 2005)

Survey Sampling International Completes Recapitalization Led by Providence Equity Partners

Boston Ventures Management & Other Selling Shareholders to Maintain Ongoing Minority Ownership Stakes

Robert Kamerschen Named as Non-Executive Chairman

Fairfield, CT – Survey Sampling International (SSI) announced today that it completed a recapitalization of the Company in association with an investor group led by Providence Equity Partners. SSI also announced the appointment of Robert “Kam” Kamerschen as non-executive Chairman of the Company.

Through the recapitalization, Providence Equity Partners will become the controlling shareholder of SSI. Existing SSI shareholders, including Beverly Weiman (President and Chief Executive Officer), Tom Danbury (Founder) and Boston Ventures Management, have maintained ownership stakes in SSI. The terms of the recapitalization were not disclosed.

Founded in 1977, SSI is the preeminent supplier of survey samples to the global market research industry. The Company’s clients include leading market research firms in the United States, Canada, Europe, Australia, and Japan. SSI offers its clients a wide range of sampling products for reaching various populations through the Internet or by telephone. The Company’s proprietary Internet panel gives SSI’s clients access to a community of over three million individuals and businesses worldwide, representing nearly eight million household members.

“SSI is a strong, established leader in the global sample market,” said Peter Wilde, a principal of Providence Equity Partners. “The Company has excellent management and a diverse, international customer base. We look forward to partnering with Bev, Kam and the entire SSI team to build value and further enhance the business.”

"Bev and her management team have done an exceptional job in growing the Company. SSI has been an excellent investment for Boston Ventures Fund VI, and we are delighted to participate in the future growth of the Company" commented Vikrant Raina, a Managing Director at Boston Ventures.

Beverly Weiman, President and CEO of SSI, said, “Our recapitalization provides us the financial flexibility we need to continue to provide the highest standard of service in the industry. We are delighted to partner with the Providence Equity Partners team, who bring in-depth experience in the communications industry and a track record for helping companies improve operations and growth prospects. We also welcome Kam to the Company and look forward to his contributions in the years to come. Boston Ventures has been a good partner to SSI. Our business has benefited from their strategic and financial support. It was a priority for Boston Ventures to find the right match that would enable us to continue our growth and vision.”

“I am pleased to join Survey Sampling and look forward to assisting the Company and Providence Equity in building on SSI’s success and achieving its full potential,” said Mr. Kamerschen. Mr. Kamerschen is the retired Chairman and CEO of ADVO, Inc., a NYSE-listed Company and the nation's largest targeted direct mail advertising provider. Mr. Kamerschen is currently a private investor and serves on several public company boards.

About Survey Sampling International

Survey Sampling International LLC (SSI) is the preeminent supplier of samples to survey research agencies in the USA, Canada, Europe, Australia, and Japan. SSI offers a wide range of sampling products for reaching various populations by telephone and Internet. SSI is headquartered in Fairfield, C.T. The Company employs approximately 100 professionals. (http://surveysampling.com)

About Providence Equity Partners

Providence Equity Partners Inc. is one of the world's leading private investment firms specializing in equity investments in media and communications companies. The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm's inception in 1990. Current and previous areas of investment include cable television content and distribution, wireless and wireline telephony, publishing, radio and television broadcasting and other media and communications sectors. Significant investments include VoiceStream Wireless, Metro-Goldwyn-Mayer, Warner Music Group, PanAmSat, AT&T Canada, eircom, Casema, Kabel Deutschland, Language Line, F&W Publications, ProSiebenSat.1, and Bresnan Broadband Holdings. The firm has offices in Providence, New York and London. Visit www.provequity.com for additional information.

About Boston Ventures Management

Boston Ventures Management is a private equity firm that has been an active investor and financial partner to management teams in the media, business information, entertainment, and communications sectors since 1983, earning the firm a franchise position in the private equity community. Boston Ventures’ Managing Directors and partners are accomplished and experienced professionals who have a diverse and complementary range of skills and a broad network of domestic and international relationships. Some of Boston Ventures’ investments in their 20 year history have included News Corporation, National Enquirer, CAMP Systems, River City Broadcasting, Six Flags Amusement Parks, Marshall & Swift, Panavision and Motown Records.

MEDIA CONTACTS:

Survey Sampling International
Diane Urso
203-255-4200

Providence Equity Partners
Andrew Cole
212-687-8080

Boston Ventures Management
Tim Smith
617-350-1530

 

 

          


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