News F+W Media Makes a Crafty Acquisition

The Morning Leverage: F+W Media Makes a Crafty Acquisition
By Thomas Dunford

F+W Media, which in 2010 did an out-of-court restructuring that diluted Abry Partners’ stake and wiped out minority backer Providence Equity Partners, is acquiring Aspire Media from Frontenac Co. and Catalyst InvestorsBeina Xu reports for LBO Wire. Aspire does business as Interweave, a publisher of print and digital content for art-and-craft enthusiasts, who we would have thought would prefer to get their news via embroidered throw pillows rather than magazines, but apparently not.

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