MidOcean Buys Into Prism Business Media

MidOcean Partners has agreed to acquire a 50% ownership position in Prism Business Media, upon Prism's completion of its previously-announced acquisition of Penton Media. The stake will be sold by Prism owners Wasserstein & Co., Highfields Capital Management and Lexington Partners. No financial terms are being disclosed. www.prismb2b.com