Investment Summary

Exits Banks Broadcasting

On June 1, 2009, invested in media company Banks Broadcasting from 21st Century Group

Investment Highlights
  • This is transaction in the Media sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.

Investment Summary
Date 2009-06-01
Target Banks Broadcasting
Sector Media
Sellers(s) 21st Century Group
Deal Type Trade Sale

Target

Banks Broadcasting

Winnetka, Illinois, United States
Banks Broadcasting was formed to acquire television stations in small to mid-sized markets. Lyle Banks, an experienced television executive and formerly with NBC-Chicago, partnered with 21st Century Group and LIN Television to create this enterprise. Banc of America Capital Investors is also a co-investor in Banks Broadcasting. 21st Century Group provided Banks Broadcasting with financial due diligence support and expertise.

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Seller(S) 1

SELLER

21st Century Group

Dallas, Texas, United States

website

Category Private Equity Firm
Founded 1998
PE ASSETS 166M USD
Size Small
Type Sector Agnostic
DESCRIPTION

21st Century Group is a private equity firm that targets lower middle-market company investments. The Firm looks for businesses generating annual sales of $15 to $150 million and valued between $15 and $100 million. Sectors of interest include manufacturing, value-added distribution, services, and media. Prospective transactions include divisions or subsidiaries of public or private companies, private companies seeking liquidity, family owned companies seeking intergeneration transfer of wealth, and take privates. 21st Century was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 4 of 9
Sector (Media) 1 of 1
Type (Trade Sale) 1 of 2
State (Illinois) 1 of 1
Country (United States) 4 of 9
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Innovative Creative Packaging Solutions

South Plainfield, New Jersey, United States

Innovative Folding Carton Company, Inc.is a manufacturer of folded carton packaging. Innovative has full service capabilities that range from carton design to the application of special coatings and glues to die-cutting and pre folding cartons.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-26 Spencer N Enterprises

El Monte, California, United States

Spencer N Enterprises, Inc. is a designer, manufacturer, importer and marketer of decorative pillows, window coverings and other home furnishing textile products. Spencer N Enterprises was founded in 2000 and is based in El Monte, California.

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