UK - AAC acquires majority stake in publisher Ocean Media

AAC Capital Partners has agreed to acquire a majority stake in Ocean Media Limited, the magazine publisher and exhibition organiser, from its current management team and institutional backers led by the Dublin-based private equity firm, Ion Equity. Completion is subject to competition clearance. Debt has been provided by Anglo Irish Bank. This is AAC Capital Partners’ first investment since its independence from ABN AMRO. It was formerly known as ABN AMRO Capital.