M&A Deal Summary

The Carlyle Group and Alcentra Capital Acquire Entertainment Publications

On September 14, 1999, private equity firm The Carlyle Group and mezzanine finance firm Alcentra Capital acquired publishing company Entertainment Publications from Cendant for 345M USD

Acquisition Highlights
  • This is The Carlyle Group’s 2nd and Alcentra Capital’s 1st transaction in the Publishing sector.
  • This is The Carlyle Group’s 92nd and Alcentra Capital’s largest (disclosed) transaction.
  • This is The Carlyle Group’s 26th and Alcentra Capital’s 4th transaction in the United States.
  • This is The Carlyle Group’s 1st and Alcentra Capital’s 1st transaction in Michigan.
Investment Fate
  • Entertainment Publications was sold to a publicly-traded strategic buyer in 2003 for 360M USD.

M&A Deal Summary
Date 1999-09-14
Target Entertainment Publications
Sector Publishing
Buyer(s) The Carlyle Group
Alcentra Capital
Sellers(s) Cendant
Deal Type Divestiture
Deal Value 345M USD

Target

Entertainment Publications

Troy, Michigan, United States
website
Entertainment Publications, Inc. is a publisher and marketer of consumer directories and coupon books that are used by schools and other non-profit organizations as fund raising tools.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 32 of 695
Sector (Publishing) 2 of 8
Type (Divestiture) 2 of 71
State (Michigan) 1 of 6
Country (United States) 26 of 336
Year (1999) 11 of 16
Size (of disclosed) 92 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 STARBAK Communications

Burlington, Massachusetts, United States

STARBAK Communications, Inc. developed content distribution servers specifically designed to deliver high quality streaming media over the Internet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-01 Kuhlman Electric

Versailles, Kentucky, United States

Kuhlman Electric Corp. manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

Buy -
Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.

DEAL STATS #
Overall 4 of 51
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 3
State (Michigan) 1 of 2
Country (United States) 4 of 50
Year (1999) 3 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-02 Datasite

Minneapolis, Minnesota, United States

Datasite is a SaaS provider for the M&A industry, empowering dealmakers around the world with the tools they need to succeed across the entire deal lifecycle. Datasite was founded in 1968 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Printing Arts America

Darien, Connecticut, United States

Printing Arts America LLC is a national printing organization with facilities across the country. The company provides print on demand and inventory management services for a variety of companies.

Buy -

Seller(S) 1

SELLER

Cendant

New York, New York, United States

website

Category Company
Founded 1998
Sector Consumer Services
DESCRIPTION

Cendant Corp. was a collection of business and consumer services companies. Cendant was formed in 1998 between the merger of Hospitality Franchise Systems and CUC International.

DEAL STATS #
Overall 1 of 8
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 5
State (Michigan) 1 of 1
Country (United States) 1 of 5
Year (1999) 1 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-13 Credentials Services International

Orange, California, United States

Credentials Services International is a direct marketer of credit information and monitoring membership programs to consumers. The Company's core product provided members with comprehensive information regarding private credit data held by credit reporting agencies.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-08 Green Flag

Croydon, United Kingdom

Green Flag underwrites its motor breakdown and other insurance business, including warranty and travel insurance.

Sell $220M
Mergr

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