FOR IMMEDIATE RELEASE
April 9, 2007
Contact: J. Patrick Michaels, Jr.
(813) 226-8844
rmichaels@ceaworldwide.com
EVAN BLUM
Returns to Communications Equity Associates
Tampa, Florida - Communications Equity Associates (“CEA”) announced today that Evan Blum has rejoined the investment banking and corporate finance team as a Managing Director. Evan will be based in the firm’s New York City office and will focus on mergers, acquisitions and corporate finance transactions involving the communications and media industries. He will also focus on bridging traditional and new media companies through his transaction expertise. In addition, Evan will be involved in CEA’s merchant banking and private equity activities.
Rick Michaels, Chairman of CEA, said “we are pleased to have Evan rejoin CEA, as he brings a unique skill set to CEA's growing team. He has had a distinguished record in recent years of restructuring in addition to traditional corporate finance expertise.”
Evan started his career at CEA in 1993 providing investment banking services to the media industry. He was involved in numerous transactions including Paxson Communications, PNE Media, S&P Cellular, U.S. Broadcast Group, Grant Broadcasting and Pappas Telecasting. He structured debt and equity financings of over $1 billion and negotiated mergers, acquisitions and divestitures totaling over $2 billion.
After leaving CEA in 2000 to pursue other opportunities, Evan formed Triax Capital Advisors as Managing Partner. Triax is a restructuring advisory firm that provides financial, operational and crisis management services to middle market companies. He focused on the telecom and media sectors, serving as Financial Advisor to companies in the outdoor advertising, tower, cellular, satellite, security monitoring and paging sectors. He was also selected as Chief Restructuring Officer of multiple wireless providers where he managed the operations and dispositions of those companies.
Evan holds a MBA in Finance/International Business from Columbia University and a B.A. degree from Cornell University. He can be reached at (212) 218-5095 or email eblum@ceaworldwide.com.
About CEA
Founded in 1973, CEA is a leading provider of investment banking services and private equity to the global media and entertainment, communications and information technology industries. With a team of highly experienced personnel worldwide, CEA has an unequaled depth and breadth of industry knowledge, expertise and long-standing industry relationships. CEA has completed over 900 transactions totaling $40 billion in 60 countries. CEA’s international reach is extended to key markets, in particular Munich, London, Madrid, Paris and Prague through its European partnership goetzpartners. CEA’s affiliates also manage, co-manage or participate in a worldwide family of private equity funds with committed capital of approximately $1.15 billion for private equity investments in the industries CEA serves. CEA’s reputation and track record of success are built on delivering innovative, value-added solutions and services to clients worldwide. CEA Media Group, LLC is a member of the NASD and SIPC.