New York, NY – John Veronis stepped down from his leadership role at Veronis Suhler Stevenson (VSS), the private equity firm that made the landmark acquisition of Advanstar Communications and continues to be a major investor in media and exhibition companies.
Veronis, who had been chairman and co-chief executive, will continue his limited-partnership commitments to various VSS funds, but will not be involved in the management of the firm. A May 28 announcement from VSS said Veronis is pursuing unspecified opportunities in the “media, information and financial communities.”
Jeffrey Stevenson will continue as managing partner of VSS. John Suhler remains president and founding partner.
Founded in 1987, VSS has made more than 50 investments in media and other companies. It led a consortium that paid $1.5 billion in 2007 for Advanstar, organizer of nearly 150 events at that time. Other prominent investments in show organizers include Canon Communications, Hanley Wood and Access Intelligence.