Clarity Partners LP Acquires Majority Interest In Modern Luxury Media
From the release (Modern Luxury owns DC magazine):
Clarity Partners LP, (“Clarity”) one of the nation’s leading media-focused private equity funds, has acquired a controlling interest in Modern Luxury Media, LLC, (“Modern Luxury”) the nation’s largest publisher of luxury city-regional magazines. Clarity, a Los Angeles-based communications and media-focused private equity firm with over $1 billion under management, is the lead investor in the new ownership group that includes co-investment from Lehman Brothers and various debt financing elements from Credit Suisse and NewStar Financial.
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