M&A Deal Summary

Authentic Brands Group Acquires Meredith - Sports Illustrated

On May 27, 2019, Authentic Brands Group acquired media company Meredith - Sports Illustrated from Meredith for 110M USD

Acquisition Highlights
  • This is Authentic Brands Group’s 4th transaction in the Media sector.
  • This is Authentic Brands Group’s 6th largest (disclosed) transaction.
  • This is Authentic Brands Group’s 16th transaction in the United States.
  • This is Authentic Brands Group’s 1st transaction in Iowa.

M&A Deal Summary

Date 2019-05-27
Target Meredith - Sports Illustrated
Sector Media
Buyer(s) Authentic Brands Group
Sellers(s) Meredith
Deal Type Divestiture
Deal Value 110M USD

Target

Meredith - Sports Illustrated

Des Moines, Iowa, United States
Meredith Corp. - Sports Illustrated is a cultural centerpiece with massive opportunities for growth across its burgeoning digital, TV and social platforms and industry-leading print magazine. Sports Illustrated’s trusted name and fiercely devoted following set the stage for the brand to become a leader in lifestyle and entertainment.

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Buyer(S) 1

Buyer

Authentic Brands Group

New York, New York, United States

website


Category Company
Sector Consumer Products
DESCRIPTION

Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York City.


DEAL STATS #
Overall 19 of 29
Sector (Media) 4 of 4
Type (Divestiture) 9 of 12
State (Iowa) 1 of 1
Country (United States) 16 of 24
Year (2019) 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Heritage Home Group

St. Louis, Missouri, United States

Heritage Home Group is a designer, manufacturer, sourcer and retailer of home furnishings. The company markets products through a wide range of channels, including company owned Thomasville retail stores and through interior designers, multiline/independent retailers and mass merchant stores. Heritage Home Group serves its customers through an unparalleled collection of the furniture and design industry’s leading brands, including Thomasville, Broyhill, Lane, Drexel Heritage, Hickory Chair, Henredon, Pearson, Lane Venture, Maitland-Smith and LaBarge.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Barneys New York

New York, New York, United States

Barneys New York, Inc. is a luxury specialty retailer provides women’s and men’s ready-to-wear, accessories, shoes, jewelry, cosmetics, fragrances, and gifts for the home. Barneys New York was founded in 1923 and is based in New York.

Buy -

Seller(S) 1

SELLER

Meredith

Des Moines, Iowa, United States

website


Category Company
Founded 1902
Sector Media
Employees5,290
Revenue 2.8B USD (2020)
DESCRIPTION
Meredith's corporate headquarters in downtown Des Moines, Iowa.
Meredith's corporate headquarters in downtown Des Moines, Iowa.

Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. Meredith was formed in 1902 and is based in Des Moines, Iowa.


DEAL STATS #
Overall 7 of 10
Sector (Media) 4 of 5
Type (Divestiture) 6 of 9
State (Iowa) 2 of 3
Country (United States) 6 of 9
Year (2019) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Drive

New York, New York, United States

The Drive publishes a wide range of automotive and transportation content including breaking news stories, reviews, incisive op-eds, and investigative features. The Drive was founded in 2015 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 MONEY.com

United States

MONEY.com is a digital source of personal stories, candid conversations, and useful information about money and the way it affects our lives.

Sell -