M&A Deal Summary

Advance Publications Acquires Ironman

On March 26, 2020, Advance Publications acquired media company Ironman from Dalian Wanda Group Co

Acquisition Highlights
  • This is Advance Publications’ 2nd transaction in the Media sector.
  • This is Advance Publications’ 6th transaction in the United States.
  • This is Advance Publications’ 1st transaction in Florida.

M&A Deal Summary

Date 2020-03-26
Target Ironman
Sector Media
Buyer(s) Advance Publications
Sellers(s) Dalian Wanda Group Co
Deal Type Divestiture
Advisor(s) Credit Suisse Investment Banking (Financial)
Reed Smith LLP (Legal)

Target

Ironman

Tampa, Florida, United States
website
Ironman operates a global endurance sports portfolio with more than 230 triathlon, road running, trail running, cycling and mountain biking events across 57 countries. The iconic IRONMAN® Series of events is the largest participation sports platform in the world. Ironman was formed in 1978 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Advance Publications

New York, New York, United States

website


Category Company
Founded 1922
Sector Publishing
DESCRIPTION

Advance is a diversified, family-owned company that operates and invests in a broad range of media, communications and technology businesses globally. Advance Publications directly or through subsidiaries, owns Condé Nast Publications, American City Business Journals, the Golf Digest Companies, and newspapers in more than twenty-five American cities. Advance Publications' subsidiaries also have extensive interests in cable television, as well as in Internet sites which are related to its print publications. Advance was established in 1922 and is based in New York City.


DEAL STATS #
Overall 7 of 7
Sector (Media) 2 of 2
Type (Divestiture) 2 of 2
State (Florida) 1 of 1
Country (United States) 6 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Turnitin

Oakland, California, United States

Turnitin is a provider of academic integrity and writing solutions and supports authentic work across the curriculum. Turnitin provides instructors with the tools to prevent plagiarism, engage students in the writing process, and provide personalized feedback. Turnitin was founded in 1997 and is based in Oakland, California.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 1010Data

New York, New York, United States

1010data is a provider of big data discovery and data sharing that enable organizations to analyze, share, and monetize Big Data on a single, scalable platform. 1010Data was founded in 2000 and is based in New York City.

Sell -

Seller(S) 1

SELLER

Dalian Wanda Group Co

Beijing, China

website


Category Company
Founded 1988
Sector Real Estate
Revenue 6.3B USD (2013)
DESCRIPTION

Dalian Wanda Group was founded in 1988 and operates in four major industries - commercial property, luxury hotels, culture & tourism, and department stores. In 2013, the company’s assets totaled 380 billion yuan ($62.8 billion), its annual income reached 186.6 billion yuan ($30.8 billion) and net profits exceeded 12.5 billion yuan ($2.06 billion).


DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Dick Clark Productions

Santa Monica, California, United States

Dick Clark Productions, Inc. is a well-known American TV production company possessing over 20 famous TV rights, including the Golden Globe Awards, the American Music Awards, the Billboard Music Awards, the Academy of Country Music Awards, and the New Year's countdown celebrations in New York. The majority of the rights that DCP possesses are for an indefinite period. The company's primary revenue stems from the broadcasting rights of these ceremonies, and it has long-term agreements with all the major TV stations. DCP has abundant cash flow with a high level of operation stability and steady profit growth.

Buy $1.0B