Investment Summary

Exits Magic Media

On October 1, 2009, invested in marketing company Magic Media from ACON Investments

Investment Highlights
  • This is transaction in the Marketing sector.
  • This is transaction in the United States.
  • This is transaction in Pennsylvania.

Investment Summary
Date 2009-10-01
Target Magic Media
Sector Marketing
Sellers(s) ACON Investments
Deal Type Merger

Target

Magic Media

Bangor, Pennsylvania, United States
website
At the time of exit, Magic Media was the sixth largest outdoor advertising Company in the United States with over 10,000 billboard and poster displays located in 21 states throughout the Southeast and Midwestern United States. Magic Media was acquired by ACON from its former bondholders as it emerged from bankruptcy in March 2004.

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Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

website

Category Private Equity Firm
Founded 1996
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 8 of 24
Sector (Marketing) 1 of 2
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 3 of 17
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-26 DeRemate

Buenos Aires, Argentina

DeRemate is an online auction site in Latin America with a presence in all major regional markets.

Sell $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-15 Fairway Outdoor Advertising

Duncan, South Carolina, United States

Fairway Outdoor Advertising LLC was formerly known as Naegele Outdoor Advertising, Inc. is the fifth largest outdoor advertising company in the United States and one of the largest privately held companies in the industry.

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