Investment Summary

Exits Champion Broadcasting

On January 26, 1998, invested in media company Champion Broadcasting from Advantage Capital Partners

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

Investment Summary
Date 1998-01-26
Target Champion Broadcasting
Sector Media
Sellers(s) Advantage Capital Partners
Deal Type Trade Sale - Public Company

Target

Champion Broadcasting

Alexandria, Louisiana, United States
Champion Broadcasting Corporation ('Champion') was a radio station broadcasting company with an emphasis on acquiring and building AM/FM duopolies. The company's strategy was to acquire multiple stations in regional rural markets that complemented each other. Once the stations' management teams were consolidated, Champion reduced general and administrative costs on the operation of the stations. Customers gained the advantage of having a single operator that was able to provide advertising on multiple stations at a savings to the customer. Advantage Capital exited this investment in 1998 when Champion sold all of its assets to Capstar Acquisition Company, Inc.

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Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 2 of 94
Sector (Media) 1 of 3
Type (Trade Sale - Public Company) 1 of 13
State (Louisiana) 2 of 5
Country (United States) 2 of 94
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 FleetCor

Atlanta, Georgia, United States

FleetCor is a global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. FleetCor's payment programs enable customers to manage and control their commercial payments, card programs, and employee spending and provide card-accepting merchants with a high volume customer base that can increase sales and customer loyalty. FleetCor also provides a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. FleetCor was formed in 1986 and is based in Atlanta, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-27 Comet Systems

New York, New York, United States

Comet Systems, Inc. provides utility services to users who download its Genesis platform. The company provides its Genesis platform free to people who want access to its search engine, Pop-Up Ad Zapper, and other utilities. The system allows for contextual marketing from advertisers who work in conjunction with Comet. The company raised and spent over $25 million developing the system and has had over 180,000,000 around the world download their software. In 2004, the company was sold to FindWhat.com.

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