M&A Deal Summary

Hadley Capital and Northcreek Mezzanine Acquire Open Sky Media

On January 1, 2011, private equity firm Hadley Capital and Northcreek Mezzanine acquired publishing company Open Sky Media

Acquisition Highlights
  • This is Hadley Capital’s 1st and Northcreek Mezzanine’s 1st transaction in the Publishing sector.
  • This is Hadley Capital’s 13th and Northcreek Mezzanine’s 2nd transaction in the United States.
  • This is Hadley Capital’s 1st and Northcreek Mezzanine’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-01-01
Target Open Sky Media
Sector Publishing
Buyer(s) Hadley Capital
Northcreek Mezzanine
Deal Type Buyout (LBO, MBO, MBI)

Target

Open Sky Media

Austin, Texas, United States
website
Open Sky Media is an operator of city and lifestyle magazines that appeal to affluent readers living in healthy, fast-growing markets. Open Sky Media's titles include Austin Monthly, Austin Home, San Antonio Magazine, Slice Magazine (OKC) and Marin Magazine. Open Sky Media was founded in 2010 and is based in Austin, Texas.

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Buyer(S) 2

Buyer

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Hadley Capital LLC is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $5 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley was formed in 1998 and is based in Wilmette, Illinois.

DEAL STATS #
Overall 13 of 27
Sector (Publishing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 21
State (Texas) 1 of 2
Country (United States) 13 of 27
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 I-Deal Optics

Troy, Michigan, United States

I-Deal Optics is a manufacturer and distributor of quality budget eyewear and sun wear. I-Deal Optics delivers a combination of innovation and quality at the best prices possible across a broad portfolio of products consisting of eight brands and over six hundred styles. I-Deal Optics was founded in 1996 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 Sungarden Sprouts

Cookeville, Tennessee, United States

Sungarden Sprouts is a provider of commercial sprout growing company that manufactures and sells a proprietary line of sprout growing equipment, sells sprout seeds and other growing supplies to commercial sprout growers, and grows and sells sprouts. Sungarden Sprouts was founded in 1979 and is based in Cookeville, Tennessee.

Buy -
Buyer

Northcreek Mezzanine

website

Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 2 of 29
Sector (Publishing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 10
State (Texas) 1 of 3
Country (United States) 2 of 29
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 HCPro

Middleton, Massachusetts, United States

HCPro is a provider of integrated information, education and training in the vital areas of healthcare regulation and compliance. HCPro was founded in 1986 and is based in Middleton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Advanced Probing Systems

Louisville, Colorado, United States

Advanced Probing Systems is a manufacturer and supplier of probe needles used in semiconductor wafer test, LED and LCD test, and medical applications. Advanced Probing Systems was founded in 1990 and is based in Louisville, Colorado.

Buy -
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