M&A Deal Summary

Warburg Pincus, Cinven and Providence Equity Partners Acquire Casema NV

On September 1, 2006, private equity firms Warburg Pincus, Cinven and Providence Equity Partners acquired media company Casema NV from GMT Communications Partners, Providence Equity Partners and The Carlyle Group for 2.1B EUR

Acquisition Highlights
  • This is Warburg Pincus’ 6th, Cinven’s 4th and Providence Equity Partners’ 11th transaction in the Media sector.
  • This is Warburg Pincus’ 9th, Cinven’s 10th and Providence Equity Partners’ 9th largest (disclosed) transaction.
  • This is Warburg Pincus’ 5th, Cinven’s 8th and Providence Equity Partners’ 3rd transaction in the Netherlands.
Investment Fate
  • Casema NV was sold to a strategic buyer in 2008.

M&A Deal Summary

Date 2006-09-01
Target Casema NV
Sector Media
Buyer(s) Warburg Pincus
Cinven
Providence Equity Partners
Sellers(s) GMT Communications Partners
Providence Equity Partners
The Carlyle Group
Deal Type Secondary Buyout
Deal Value 2.1B EUR

Target

Casema NV

The Hague, Netherlands
website
Casema NV is a provider of analogue TV, digital TV and broadband Internet access to its residential customers, and leased line data communications and voice telephony to its business customers.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 103 of 475
Sector (Media) 6 of 6
Type (Secondary Buyout) 14 of 62
Country (Netherlands) 5 of 7
Year (2006) 16 of 20
Size (of disclosed) 9 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Buy €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Plateno Hotels Group Co .

Guangzhou, China

Plateno Hotel Group is a economy and mid-tierhotel chain operator in China.

Buy -
Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 107 of 181
Sector (Media) 4 of 5
Type (Secondary Buyout) 9 of 52
Country (Netherlands) 8 of 9
Year (2006) 5 of 8
Size (of disclosed) 10 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Numericable-SFR

Paris, France

Numericable-SFR is the cable operator providing digital television, broadband and telephony services to the residential market ('B2C'). The company also serves the enterprise market ('B2B') in France, Belgium, and Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-07 ASK Central

Herts, United Kingdom

ASK Central Ltd. operates with ASK and Zizzi are names in the UK casual Italian dining market with about 120 and 90 locations respectively across the UK. ASK restaurants are situated in prime positions with each restaurant generally having a unique design.

Buy £559M
Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 37 of 134
Sector (Media) 11 of 29
Type (Secondary Buyout) 3 of 37
Country (Netherlands) 3 of 5
Year (2006) 6 of 7
Size (of disclosed) 9 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Sell €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-15 Open Solutions

Glastonbury, Connecticut, United States

Open Solutions LLC is a provider of software and software-enabled outsourcing solutions to banks, thrifts and credit unions.

Buy $1.3B

Seller(S) 3

SELLER

GMT Communications Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 3.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

GMT Communications Partners is a specialist private equity firm focused on investments in the media and communications industries. The Firm prefers established companies with strong barriers to entry. Specific sectors of interest include publishing, information services, tv/radio, mobile voice & data networks, out-of-home media, and telecom infrastructure/services. GMT focuses its investment activity across Europe and will consider later stage investments as well as buyouts. GMT Communications Partners is based in London.


DEAL STATS #
Overall 15 of 24
Sector (Media) 6 of 8
Type (Secondary Buyout) 2 of 8
Country (Netherlands) 3 of 3
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Sell €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Invitel

Budaörs, Hungary

Invitel is an alternative telecommunication service provider, Invitel offers a wide range of info-communication solutions in the whole territory of the country. Invitel was founded in 1992 and is based in Budaors, Hungary.

Sell €470M
SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 13 of 98
Sector (Media) 4 of 21
Type (Secondary Buyout) 3 of 29
Country (Netherlands) 2 of 4
Year (2006) 2 of 3
Size (of disclosed) 11 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Sell €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-15 Open Solutions

Glastonbury, Connecticut, United States

Open Solutions LLC is a provider of software and software-enabled outsourcing solutions to banks, thrifts and credit unions.

Buy $1.3B
SELLER

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 82 of 443
Sector (Media) 4 of 13
Type (Secondary Buyout) 14 of 114
Country (Netherlands) 2 of 6
Year (2006) 15 of 19
Size (of disclosed) 14 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Applied Systems

University Park, Illinois, United States

Applied Systems is a provider of cloud-based software that powers the business of insurance. The Company develops software for independent insurance agents, brokers, managing general agents, and insurance companies, as well as banks and other financial institutions with insurance operations. Applied Systems was founded in 1983 and is based in University Park, Illinois.

Buy $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-11 StayWell

Yardley, Pennsylvania, United States

Staywell is a health empowerment company that enables populations to improve health outcomes through the science of behavior change. Staywell was founded in 1978 and is headquartered in St. Paul, Minnesota.

Sell -