Realized Investment
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Blue Book
The Bluegrass Telephone Directories company included both English language and Spanish language telephone directories. Blue Equity, LLC sold the English language directories, the Blue Book, to private equity firm Veronis Suhler Stevenson shortly after acquisition for a significant profit and, as a part of the original business plan, ultimately grew the Spanish language directories substantially before an ultimate liquidity event.
Highlights
- Additional capital realized from the sale of English portion reinvested in company for growth
- Grew geographic footprint substantially through horizontal acquisitions