Boston – Private equity firm ABRY Partners and Sundance Business Enterprises, a wholly owned subsidiary formed by David Nussbaum, former CEO of Penton Media, have joined forces to invest in B-to-B media companies and vertically focused online companies. ABRY has committed $100 million of equity capital to the venture, which it said should drive at least a half-billion dollars in transactional value. Nussbaum was the CEO of Penton Media Inc. from June of 2004 through the recently completed sale of the company to Prism Media Holdings. Prior to that, he had been executive vice president of Penton since 1998.
Additional details will be posted later today….