Weil Reps Providence In $173M Daily Mail Unit Buy

Law360, New York (August 23, 2011, 12:23 PM EDT) -- London's Daily Mail and General Trust PLC said Tuesday it would sell its U.S.-based retail trade show business, George Little Management Inc., to communications-focused investment firm Providence Equity Partners LLC for $173 million to reduce its debt load.

Providence said it would purchase GLM through a new holding company led by Charles G. McCurdy, who most recently served as CEO of trade show producer Canon Communications, and has a record of growing such businesses and expanding their online capabilities.

"There are significant opportunities to grow GLM’s...
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