M&A Deal Summary

Atairos Acquires Spectra

On May 2, 2018, growth capital firm Atairos acquired media company Spectra from Comcast Spectacor

Acquisition Highlights
  • This is Atairos’ 3rd transaction in the Media sector.
  • This is Atairos’ 7th transaction in the United States.
  • This is Atairos’ 1st transaction in Pennsylvania.
Investment Fate
  • Spectra was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2018-05-02
Target Spectra
Sector Media
Buyer(s) Atairos
Sellers(s) Comcast Spectacor
Deal Type Divestiture

Target

Spectra

Philadelphia, Pennsylvania, United States
Spectra engages in live events and entertainment. Spectra's network of elite onsite management teams works with municipalities, colleges and universities, private developers, and other client partners to create memorable experiences for millions of visitors every year. Spectra was founded in 1996 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Atairos

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2016
PE ASSETS 6.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atairos is a generalist private equity firm focused on partnering with growth-oriented businesses. Atairos does not have any sector preferences and will consider opportunities across the US. Atairos was formed in 2016 and has offices in New York City and Philadelphia.

DEAL STATS #
Overall 7 of 13
Sector (Media) 3 of 5
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 7 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Bowlero

Mechanicsville, Virginia, United States

Bowlero is an owner and operator of bowling centers in the world, with more than 300 locations, across the U.S., Mexico, and Canada specializing in corporate and private events as well as league and retail bowling. Bowlero portfolio of bowling center brands includes Bowlero, Bowlmor Lanes, AMF Bowling Co., and Brunswick Zone, serving over 28 million guests each year. Bowlero was founded in 1997 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Arcis Golf

Dallas, Texas, United States

Arcis Golf is an operator of public and private golf clubs in the US. Arcis Golf properties enhance the golf and country club lifestyle to a level of excellence designed to exceed the needs and expectations of family, friends, co-workers, and guests of all ages. Arcis Golf was founded in 2015 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Comcast Spectacor

Philadelphia, Pennsylvania, United States
Category Company
Founded 1996
Sector Media
DESCRIPTION

Comcast Spectacor LP is a global media and technology company that operates Comcast Cable and NBCUniversal. Headquartered in Philadelphia, Pa., Comcast Spectacor’s three core businesses are the National Hockey League’s Philadelphia Flyers, the Wells Fargo Center venue, and Spectra, the expert in hosting and entertainment through its Venue Management, Food Services & Hospitality, and Ticketing & Fan Engagement divisions.

DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 Paciolan

Irvine, California, United States

Paciolan, Inc. engages in ticketing, fundraising, marketing, and analytics solutions with over 37 years of experience serving more than 500 live entertainment organizations. Paciolan enables the sale of more than 120 million tickets per year by powering over 120 college athletic programs, more than 100 professional sports and arenas organizations, 75 performing arts venues, and several regional ticketing partners who serve hundreds of venues.

Sell -
Mergr

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