Shearman & Sterling is advising Dodge Data & Analytics, a Symphony Technology Group (STG) portfolio company, on the sale of Architectural Record, Engineering News-Record (ENR) and SNAP to BNP Media. Terms of the deal, which is expected to close at the end of June, were not disclosed.
Dodge Data & Analytics is the leading provider of data, analytics, news and intelligence serving the North American construction industry. The company’s information enables building product manufacturers, general contractors and subcontractors, architects and engineers to size markets, prioritize prospects, target and build relationships, strengthen market positions and optimize sales strategies.
Symphony Technology Group (STG) is a private equity firm with the strategic vision and capital to transform high-potential companies into definitive market leaders. Founded in 2002, STG has established a global community. Its portfolio reports $2.7 billion in revenue and, collectively, has more than 17,000 employees. With offices in Palo Alto, London and Bangalore, and investment companies dotted around the globe, STG has a vast international customer and channel network that its companies can leverage to access global customer networks and intelligence.
The Shearman & Sterling team included partners, Richard Hsu (Menlo Park-Intellectual Property Transactions), Gus Atiyah (Washington, DC-Finance), and Larry Crouch (Menlo Park-Tax); counsel Daniel Stellenberg (Menlo Park-Executive Compensation & Employee Benefits); and associates Benjamin Petersen (Menlo Park-Intellectual Property Transactions), Beverly Chang (Washington, DC-Finance) and Ryan Bray (Menlo Park-Tax).