Isis Venture Partners, a New York private equity firm, said Thursday that it will spin off its Latin American media business, shifting ownership of the live events portion, which produced the Latin Trade Symposium & BRAVO Business Awards, to the Americas Society/Council of the Americas.
In addition, Miami Media — part of Isis’ holdings — is transferring the editorial assets of Latin Trade magazine and LatinTrade.com to a senior management group led by Santiago Gutierrez, who has been executive editor of Latin Trade since August 2012. Editora Latin Trade, the new group, plans to accelerate its focus on its online products.
“Once we had taken the decision to exit the regional media business in Latin America, our most important decision was how to maintain the incredible brand equity developed over more than two decades by Latin Trade,” said Richard Burns, Latin Trade Group chairman and Isis Venture Partners general partner. Isis still owns DataRisk, a Buenos Aires corporate due diligence and risk mitigation services provider.
The Latin Trade Symposium & BRAVO Business Awards is held each fall in Miami and attracts upwards of 500 hemispheric business, financial and government leaders. AS/COA also will take control of the CFO Forum Series, which has gathered chief financial officers to discuss best practices in eight cities throughout the region.
“There are huge synergies between our offerings, particularly in Latin America, and the franchises that we will absorb,” said Susan Segal, president and chief executive of AS/COA, an organization founded by David Rockefeller that is dedicated to education, debate and dialogue in the Americas.
Nancy Anderson Bolton, AS/COA’s Miami senior director, said the addition of Latin Trade Group’s live events “significantly broadens our public policy offering in Miami and reaffirms our commitment to this community.”