Brunswick Group is handling TheStreet’s deal to sell its B2B business (The Deal and BoardEx) to Euromoney Institutional Investor PLC for $87.3M.
The divestiture of the units, which combined for $23.8M revenues in 2017, is part of TheStreet's strategic review to bolster shareholder value. It follows the sale of The Rate.
TheStreet CEO Dave Callaway plans to resign, once the divestiture of The Deal and BoardEx is approved early next year.
With Callaway’s departure, CFO Eric Lundberg will add the CEO title and Margaret de Luna, consumer president chief, will become COO.
Jim Cramer, host of CNBC’s “Mad Money,” founded TheStreet.
Brunswick Americas CEO Nik Deogun, partner Darren McDermott and director Kate Beers handle TheStreet deal.