In its debut deal, private equity firm Observer Capital has acquired SourceMedia Inc., the publisher of National Mortgage News, Mortgage Servicing News, Origination News and American Banker, from private equity firm Investcorp, for undisclosed terms.

"We believe the B-to-B market is poised for growth, particularly with the application of new digital technologies—and we see SourceMedia as an ideal platform from which to pursue that growth," says Joseph Meyer, who founded Observer Capital in 2013.

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