News Brief

TZP Acquires Shamrock's Stake In Media Storm

DUMBO-based Media Storm this morning announced a new round of private equity funding, but did not disclose the amount or what the funds will be used for. It said the new investment was made by private equity firm TZP Group, which acquired a stake held by Los Angeles-based Shamrock Capital, which had previously invested in Media Storm in 2009.

M&A firm AdMedia Partners acted as exclusive financial advisor to Media Storm.

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