Observer Capital has acquired the parent company of American Banker, The Bond Buyer, Financial Planning and Accounting Today.

Investcorp of Bahrain owned those business-to-business magazines, via its SourceMedia unit.

Doug Manoni, CEO of SouceMedia, said the deal enables an acceleration of its digital evolution.

He crafted SourceMedia's shift to digital-first publishing, performance marketing and demand generation-orientation.

Joseph Meyer founded Observer Capital media holding company in 2013 to focus on private equity and special situation investments.

It owns the New York Observer weekly newspaper.