M&A Deal Summary |
|
|---|---|
| Date | 2003-11-01 |
| Target | Warner Music Group |
| Sector | Media |
| Buyer(s) |
Bain Capital Private Equity
Providence Equity Partners Thomas H. Lee Partners |
| Sellers(s) | WarnerMedia |
| Deal Type | Divestiture |
| Deal Value | 2.6B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 44.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 227 |
| Sector (Media) | 3 of 9 |
| Type (Divestiture) | 9 of 38 |
| State (New York) | 2 of 5 |
| Country (United States) | 23 of 120 |
| Year (2003) | 3 of 4 |
| Size (of disclosed) | 21 of 69 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-10-15 |
Bocchi Laboratories
Santa Clarita, California, United States BLI is an outsource manufacturer and packager of personal care products. Founded in 1989 and headquartered in City of Industry, Calif., BLI manufactures and packages personal care products, including lotion, soap, hairspray, shampoo, conditioner and perfume through its two operating subsidiaries, Bocchi Laboratories and Medicia Corporation. The company has experienced strong sales over the past few years, with significant growth over the past year, and has approximately 1,000 employees in five operating facilities located in California and New Jersey. Customers include leading, well recognized personal care companies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-12-01 |
BRP
Valcourt, Quebec, Canada BRP is a global designer, developer, manufacturer, distributor and marketer of powersports vehicles. Its portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Spyder roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP was founded in 1937 and is based in Valcourt, Canada. |
Buy | $879M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 133 |
| Sector (Media) | 7 of 29 |
| Type (Divestiture) | 4 of 11 |
| State (New York) | 2 of 11 |
| Country (United States) | 11 of 84 |
| Year (2003) | 7 of 7 |
| Size (of disclosed) | 8 of 34 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-10-14 |
Freedom Communications
Santa Ana, California, United States Freedom Communications, Inc. is a diversified media company that primarily publishes community newspapers and metropolitan area newspapers and operates broadcast television stations. Freedom owns 28 daily newspapers and 38 weekly newspapers in 11 states with a combined circulation of 1.2 million and 8 broadcast television stations in 7 states. It is the 13th largest newspaper publisher by circulation and one of the largest independent television broadcasters in the U.S. |
Buy | $2.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-22 |
Recoletos Grupo de Comunicación S.A.
Madrid, Spain Recoletos is the leading specialized publishing company in Spain. Recoletos’ titles include sports daily Marca, Spain's most read newspaper, and Expansión, Spain's leading business daily. |
Buy | €900M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1974 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 82 |
| Sector (Media) | 3 of 5 |
| Type (Divestiture) | 2 of 7 |
| State (New York) | 2 of 6 |
| Country (United States) | 11 of 70 |
| Year (2003) | 4 of 5 |
| Size (of disclosed) | 12 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-11-01 |
Michael Foods
Minnetonka, Minnesota, United States Michael Foods is a producer of value-added food products and service solutions to customers across the foodservice, retail and food ingredient channels. It holds market positions in attractive categories including value-added egg products, refrigerated potato products and cheese and other dairy case products. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-11-17 |
Simmons
Atlanta, Georgia, United States Simmons is the second-largest bedding manufacturer in the United States and a world leader in pocketed coil spring technology. Simmons mattresses are distributed under renowned brand names such as Beautyrest and BackCare. |
Buy | $1.1B |
| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Media |
| Employees | 24,800 |
| Revenue | 28.1B USD (2015) |
WarnerMedia is a media and entertainment company. WarnerMedia consists of Turner, Home Box Office, and Warner Bros. Turner consists principally of cable networks and digital media properties. Home Box Office consists principally of premium pay television services domestically and premium pay and basic tier television services internationally. Warner Bros. consists principally of feature film, television, home video and videogame production and distribution. WarnerMedia was formerly known as Time Warner was established in 1985. The Company is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector (Media) | 1 of 1 |
| Type (Divestiture) | 2 of 3 |
| State (New York) | 2 of 5 |
| Country (United States) | 2 of 5 |
| Year (2003) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-05-15 |
Columbia House
New York, New York, United States Columbia House is a direct marketer of music, videos and DVD home entertainment products. Columbia House was formed in 1955 and is based in New York, New York. |
Sell | $411M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-13 |
ShowMeWiFi
United States ShowMeWiFi Corp. provider of online travel and hospitality guides services. |
Buy | - |
