Local Insight Media Acquires CBD Media

Local Insight Media, L.P. is a provider of print directories and Internet-based local search services in the Greater Cincinnati area, Hawaii, Alaska and the Caribbean. Local Insight Media indirectly owns CBD Media LLC, a publisher of print and online directories in the Cincinnati-Hamilton metropolitan area; HYP Media LLC, a provider of print and online local search services in Hawaii; ACS Media LLC, the largest publisher of print and Internet advertising directories in Alaska; and Caribe Servicios de Información Dominicana, S.A., a publisher of yellow and white pages directories in the Dominican Republic. In addition, Local Insight Media indirectly owns 60% of Axesa Servicios de Información, S. en C., the largest directory publisher in Puerto Rico. Local Insight Media, headquartered in Englewood, Colorado, provides strategic and management oversight for its operating subsidiaries.

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Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.

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