In its debut deal, private equity firm Observer Capital has acquired SourceMedia Inc., the publisher of Mergers & Acquisitions, American Banker, the Bond Buyer, Financial Planning and Accounting Today, from PE firm Investcorp, for undisclosed terms.

"We believe the B-to-B market is poised for growth, particularly with the application of new digital technologies – and we see SourceMedia as an ideal platform from which to pursue that growth," says Joseph Meyer, who founded Observer Capital in 2013. The firm focuses on middle-market private equity and special-situations investments. Meyer serves as CEO of Observer Media, the holding company that publishes the New York Observer, which was bought by real estate investor Jared Kushner, Meyer’s brother-in-law, for $10 million in 2006. Meyer previously worked for hedge fund Elliott Management and MSD Capital.

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