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 Partnersт€™ first investment since its independence from ABN AMRO. It was formerly known as ABN AMRO Capital.