Content area
Full text
Fully recovered from last year's withdrawn initial public offering and now flush with cash from DLJ Merchant Banking Partners' $900 milllion buyout last week, Advanstar may take another stab at an IPO. That according to chairman/CEO Bob Krakoff, who ran the show under outgoing ownership-San Francisco-based private-equity firm Hellman & Friedman, which is rumored to have wanted a cool $1B or more-and will continue with DLJ (banking affiliate of Donaldson, Lufkin & Jenrette). "We have not been fully exploited," says Krakoff. "DLJ brings new capital to the table, allowing us to pursue more acquisitions... growing the company into a worldwide market leader."