Private equity firm the Wicks Group of Cos. is buying a majority stake in Argyle Executive Forum LLC.
The New York-based target organizes events for C-level executives, including full-day conferences, private breakfasts, dinners, workshops, virtual conferences, think tanks and roundtable discussions. The events aim to help members, speakers and sponsors connect in person.
Wicks says it expects the company to grow organically and through add-on acquisitions. The New York firm generally invests in lower middle-market companies in the information, education and media industries. Wicks also holds stakes in publishing company NewBay Media, education group New Mountain Learning, and children's book business Bendon Inc., which bought Dalmatian Press LLC in 2013.
Morgan Lewis & Bockius LLP, Hudson Russ LLP, Paul Weiss Rifkind Wharton & Garrison LLP and Choate Hall & Stewart LLP acted as Argyle's legal counsel. FiveW Capital LLC was financial adviser. Wicks' legal adviser was Golenbock Eiseman Assor Bell & Peskoe LLP.