M&A Deal Summary

Rizvi Traverse Management Acquires Summit Entertainment

On April 1, 2007, private equity firm Rizvi Traverse Management acquired media company Summit Entertainment

Acquisition Highlights
  • This is Rizvi Traverse Management’s 2nd transaction in the Media sector.
  • This is Rizvi Traverse Management’s 2nd transaction in the United States.
  • This is Rizvi Traverse Management’s 2nd transaction in California.
Investment Fate
  • Summit Entertainment was sold to a publicly-traded strategic buyer in 2012 for 413M USD.
  • Summit Entertainment was sold to a strategic buyer in 2012 for 413M USD.

M&A Deal Summary
Date 2007-04-01
Target Summit Entertainment
Sector Media
Buyer(s) Rizvi Traverse Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Summit Entertainment

Santa Monica, California, United States
website
Summit Entertainment LLC is a theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired films.

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Buyer(S) 1

Buyer

Rizvi Traverse Management

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Rizvi Traverse Management is an investment group that provides a variety of financing solutions. The Firm's Private Equity practice seeks opportunities across all industries and targets growth capital situations, turnarounds, bankruptcies, privatizations, PIPEs, and acquisition financings. Rizvi is based in Birmingham, Michigan.

DEAL STATS #
Overall 2 of 8
Sector (Media) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (California) 2 of 6
Country (United States) 2 of 8
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 ICM Partners

Los Angeles, California, United States

ICM Partners is a talent and literary agency. ICM represents clients in the fields of motion pictures, television, music, publishing, live performance, branded entertainment, and new media. ICM Partners was established in 1975 and is based in Los Angeles, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-24 Facebook

Menlo Park, California, United States

Facebook is a social utility company that helps people communicate more efficiently with their friends, family and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.

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