Beringer Capital, a North American private equity firm specializing in the media, marketing services, and technology sectors, has acquired real estate media entity Inman Group.
“Trade publications play a unique and vital role in the media ecosystem, and Inman is a true industry frontrunner,” said Lu Cacioppo, managing partner at Beringer Capital. “To date, its talented team has done a remarkable job of establishing an engaged and highly active community. We’re looking forward to collaborating on exciting new offerings that further enable Inman’s audience of real estate professionals to retain a competitive edge and grow their businesses.”
“The Beringer team brings complementary data and digital media expertise to Inman,” said Brad Inman, founder and chairman of Inman Group. “They share our commitment to pushing the industry forward, ensuring that its readers are positioned for success amid a rapid pace of change. We found a partner whose values and priorities closely align with our own.”
Chief executive officer Josh Albertson, who will continue to lead the company, remarked, “Inman is a rare media and events property — a venerable brand that is also redefining the future of media. We’re thrilled about partnering with the great team at Beringer, because they care deeply about both of those pieces.”
Beringer Capital has a track record of partnering with companies in the digital media sector. Notably, the firm acquired prominent media and events company Adweek in 2016.
Inman was advised in the transaction by Canaccord Genuity and Goodwin Procter. Beringer received legal representation from Winston & Strawn LLP and advisory services from Deloitte.