New York and Woodland Hills, CA – Veronis Suhler Stevenson today signed a definitive agreement to acquire Advanstar Communications, Inc. from DLJ Merchant Banking Partners III LP for $1.15 billion. Advanstar is best known for MAGIC, its market-leading apparel shows. The company is active in four vertical segments: fashion, licensing , automotive and life sciences, producing 47 trade shows and events; 60 print publications; and 95 electronic publications/ web sites. CEO Joe Loggia will stay with the company. He and other members of the senior management team will be significant shareholders in the company post-close. Citigroup Private Equity and New York Life Capital Partners joined VSS as co-sponsors in this investment.