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HighBank advises Network Media Partners on its sale to MCI Group

February 27, 2017

HighBank Advisors (“HighBank”), a Baltimore, Maryland-based mid-market investment bank, announces that it was the exclusive financial advisor to Network Media Partners (“Network”) on its sale to MCI Group. Terms of the transaction were not disclosed.

For more than thirty years, Network Media Partners has built its enviable reputation around delivery of growth solutions to associations. Network’s accomplished sales, marketing, creative services and events team of 50 professionals leverage an innovative, end-to-end sales platform in the successful pursuit of a singular purpose: to grow association client revenues. Association clients are able to leverage sales strategies and the needed talent to deliver on media sales for integrated media, digital and print advertising, exhibition space, sponsorship and partnership.

“Network Media Partners is thrilled to join MCI’s global story of growth. Network’s trusted services are a key additive to MCI’s rapidly expanding United States platform,” said Carrie Hartin, President, Network Media Partners.

Richard Torriani, Chief Operating Officer Americas, MCI Group, also adds, “This combination enables MCI to deliver an even broader strategy, together with execution, that our best-in-market association clients expect. MCI USA now serves as a one-stop strategy and service solution for associations who seek to become more agile and outcomes-driven in pursuit of market relevance, engagement, operational effectiveness and economic growth.”

Chairman of Network Media Partners, Chip Boyce, commented, “HighBank provided outstanding advice and senior-level attention throughout the transaction process. They were unsurpassed in representing our service oriented businesses. Their ability to structure and negotiate complex deal terms was critical to achieving our desired result.”

“We are pleased to have had the opportunity to work with Chip and his outstanding leadership team,” stated Cherie Homa, Managing Director at HighBank. “We believe this combination creates a market leading platform to serve the association marketplace,” added Mark Waters, Managing Director.

About Network Media Partners

Network Media Partners is a business services firm for associations, specializing in four specific areas: customized media sales, award-winning design, event planning and management, and marketing services. For more information visit www.networkmediapartners.com.

About MCI Group

MCI is the world’s leading provider of strategic engagement and activation solutions and has been a key driver of innovation in the meetings, events, association and congress industries since 1987. Through creative live experiences and digitization, globalization, brand enhancement and content strategies, MCI helps multinational companies and international associations to enhance organizational performance, grow globally, energize communities and drive business results. MCI is an independently owned company with headquarters in Geneva, Switzerland and a global presence. Our 2,000 professionals in 60+ cities and 31 countries work with clients across Europe, the Americas, Asia-Pacific, India, the Middle East and Africa. Find out more at www.mci-group.com.

About HighBank Advisors LLC

HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with regional offices in Philadelphia, Pennsylvania and Raleigh, North Carolina, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and capital adequacy opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbankadvisors.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA and SIPC. HBS is a wholly-owned subsidiary of HighBank Advisors.