M&A Deal Summary

Graham Holdings Acquires Leaf Group

On April 5, 2021, Graham Holdings acquired internet software and services company Leaf Group for 323M USD

Acquisition Highlights
  • This is Graham Holdings’ 2nd transaction in the Internet Software and Services sector.
  • This is Graham Holdings’ largest (disclosed) transaction.
  • This is Graham Holdings’ 14th transaction in the United States.
  • This is Graham Holdings’ 2nd transaction in California.

M&A Deal Summary
Date 2021-04-05
Target Leaf Group
Sector Internet Software and Services
Buyer(s) Graham Holdings
Deal Type Add-on Acquisition
Deal Value 323M USD
Advisor(s) Moorgate Capital Partners LLC
Canaccord Genuity Corp. (Financial)
Goodwin Procter (Legal)

Target

Leaf Group

Santa Monica, California, United States
website
Leaf Group is a diversified Internet company with online media properties (eHow, LIVESTRONG.com and Cracked) and marketplace platforms (Society6 and Saatchi Art) that enable communities of creators to reach passionate audiences in large and growing lifestyle categories. Leaf Group was founded in 2006 and is based in Santa Monica, California.

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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States

website

Category Company
Founded 1877
Sector Diversified
Employees10,833
Revenue 3.9B USD (2022)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.

DEAL STATS #
Overall 14 of 15
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 9 of 9
State (California) 2 of 2
Country (United States) 14 of 15
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Megaphone

Washington, District of Columbia, United States

Megaphone is a podcast technology company that provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners. The Megaphone platform connects enterprise-level podcasters and media companies with best-in-class tools to publish, monetize, and measure their audio content. Megaphone is based in Washington, DC.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-29 Battlefield Automotive - Ford Dealership

Culpeper, Virginia, United States

Battlefield Automotive's Ford Dealership sells and services Ford vehicles is based in Culpeper, Virginia.

Buy -
Mergr

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