Dolan Media wants a piece of the IPO action

Posted Apr 27th 2007 9:30AM by Tom Taulli
Filed under: Merrill Lynch (MER), Goldman Sachs Group (GS)

Jim Dolan has an extensive background in journalism and even investment banking. He put this to good work by forming Dolan Media in May 1992. Since then, he's built a solid operation.

Now, he's taking his company public.

Dolan Media has a broad platform of information databases, web sites, journals, conferences and services for the legal, financial and real estate markets. A big part of the growth has come from aggressive M&A. Over its history, Dolan Media has purchased over 40 companies.

One interesting business is a proprietary database to process foreclosures and personal bankruptcies. I'm sure this is a business that has sprouted lately.

The company is a cash cow. Last year, revenues were $111.6 million and EBITDA was nice $28.8 million.

The lead underwriters include Goldman Group Inc. (NYSE: GS) and Merrill Lynch & Co. (NYSE: MER). The proposed ticker symbol is DM.

You can check out the prospectus at the SEC website.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Tags: Dolan Media, DolanMedia, goldman sachs, GoldmanSachs, gs, IPO, mer, merrill lynch, MerrillLynch