M&A Deal Summary |
|
|---|---|
| Date | 2011-08-01 |
| Target | Cumulus Media Partners |
| Sector | Communications |
| Buyer(s) | Cumulus Media |
| Sellers(s) |
The Blackstone Group
Bain Capital Private Equity Thomas H. Lee Partners CCMP Capital Crestview Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 740M USD |
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| Category | Company |
|---|---|
| Founded | 2002 |
| Sector | Media |
| Employees | 2,455 |
| Revenue | 954M USD (2022) |
Cumulus Media is an owner and operator of AM and FM radio stations in the United States. Cumulus Media was incorporated in 2002 and is headquartered in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 6 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 2 of 6 |
| Year (2011) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-03-28 |
Aurora Communications
United States Aurora Communications, Inc. is a privately held company formed to acquire and operate small market radio stations throughout the United States. The company was acquired by Cumulus Media, Inc. in March 2002. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-09-16 |
Citadel Broadcasting
Las Vegas, Nevada, United States Citadel Broadcasting (Formerly Citadel Communications Corp.) is the largest pure play radio company in the United States. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 61 of 170 |
| Sector (Communications) | 11 of 15 |
| Type (Add-on Acquisition) | 24 of 66 |
| State (Georgia) | 2 of 5 |
| Country (United States) | 42 of 102 |
| Year (2011) | 8 of 9 |
| Size (of disclosed) | 44 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-21 |
Jack Wolfskin KGaA
Idstein, Germany Jack Wolfskin GmbH & Co. KGaA is a provider of functional outdoor clothing, footwear and equipment in Europe and the largest franchisor in the German specialist sports retail market. Jack Wolfskin products are currently available in more than 400 franchise stores and at 4,000 points of sale across Europe and Asia. Jack Wolfskin products feature a high degree of functionality, user-friendliness and innovation. |
Buy | €700M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-04 |
Emdeon Business Services
Nashville, Tennessee, United States Emdeon Business Services is a provider of revenue cycle management and clinical communication solutions that enables payers, providers and patients to improve healthcare business processes. Emdeon Business Services is based in Nashville, Tennessee. |
Buy | $3.0B |
| 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 | 39 of 138 |
| Sector (Communications) | 3 of 3 |
| Type (Add-on Acquisition) | 10 of 40 |
| State (Georgia) | 2 of 8 |
| Country (United States) | 29 of 84 |
| Year (2011) | 6 of 6 |
| Size (of disclosed) | 30 of 44 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-11 |
Dunkin Brands Group
Canton, Massachusetts, United States Dunkin' Brands Group, Inc. is a franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. Dunkin' Brands Group was founded in 1961 and is based in Canton, Massachusetts |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-21 |
MYOB
Cremorne, Australia MYOB is a provider of business management software in Australia and New Zealand. The company's innovative software and services simplify many parts of a business including accounting, payroll, retail POS, CRM, websites, tax, and more. MYOB was founded in 1991 and is based in Cremorne, Australia. |
Buy | AU$1.2B |
| 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 | 21 of 53 |
| Sector (Communications) | 2 of 3 |
| Type (Add-on Acquisition) | 6 of 18 |
| State (Georgia) | 2 of 4 |
| Country (United States) | 16 of 44 |
| Year (2011) | 4 of 4 |
| Size (of disclosed) | 17 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-11 |
Dunkin Brands Group
Canton, Massachusetts, United States Dunkin' Brands Group, Inc. is a franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. Dunkin' Brands Group was founded in 1961 and is based in Canton, Massachusetts |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-04-05 |
Ariel Re
Hamilton, Bermuda Ariel Re is a reinsurance company based in Bermuda that underwrites a global portfolio of insurance and reinsurance business through offices in London, Bermuda, Atlanta and Kansas City. Ariel Re was founded in 2005 and is based in Hamilton, Bermuda. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 18.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 78 |
| Sector (Communications) | 4 of 5 |
| Type (Add-on Acquisition) | 16 of 22 |
| State (Georgia) | 2 of 2 |
| Country (United States) | 44 of 61 |
| Year (2011) | 5 of 5 |
| Size (of disclosed) | 19 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-22 |
Francesca s Holdings
Houston, Texas, United States Francesca's Holdings is an online women's fashion retailer. Francesca's Holdings was founded in 1999 and is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-23 |
Volotea
Barcelona, Spain Volotea is an airline that offers 293 point-to-point routes between 78 mid-small-sized cities throughout Europe at very competitive prices. Volotea was founded in 2009 and is based in Barcelona, Spain. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 9.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 26 |
| Sector (Communications) | 1 of 5 |
| Type (Add-on Acquisition) | 2 of 11 |
| State (Georgia) | 1 of 2 |
| Country (United States) | 2 of 18 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 8 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-12 |
Select Energy Services
Houston, Texas, United States Select Energy Services is a provider of oil and gas service company, with a focus on being a solutions provider for its customers. Select offers an array of services and supplies, providing wellsite solutions to oil and gas producers in Texas, Oklahoma, Arkansas, Louisiana, Colorado, Pennsylvania and West Virginia. Select's companies offer wellsite rentals and accommodations, water management operations, pipeline construction, rig logistics, heavy haul services and wellsite construction. Select Energy Services was founded in 2016 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-11-23 |
Samson Investment
Tulsa, Oklahoma, United States Samson Investment Company is a privately-held independent exploration and production company. |
Buy | $7.2B |
