M&A Deal Summary

EagleTree Capital, CCMP Capital and ABRY Partners Acquire Hanley Wood

On May 26, 2005, private equity firms EagleTree Capital, CCMP Capital and ABRY Partners acquired media company Hanley Wood from VSS Capital Partners and Halyard Capital for 650M USD

Acquisition Highlights
  • This is EagleTree Capital’s 5th, CCMP Capital’s 9th and ABRY Partners’ 7th transaction in the Media sector.
  • This is EagleTree Capital’s , CCMP Capital’s 16th and ABRY Partners’ 4th largest (disclosed) transaction.
  • This is EagleTree Capital’s 14th, CCMP Capital’s 52nd and ABRY Partners’ 23rd transaction in the United States.
  • This is EagleTree Capital’s 1st, CCMP Capital’s 1st and ABRY Partners’ 1st transaction in District of Columbia.
Investment Fate
  • Hanley Wood was recapitalized in 2012.
  • Hanley Wood merged with another company in 2018.

M&A Deal Summary

Date 2005-05-26
Target Hanley Wood
Sector Media
Buyer(s) EagleTree Capital
CCMP Capital
ABRY Partners
Sellers(s) VSS Capital Partners
Halyard Capital
Deal Type Secondary Buyout
Deal Value 650M USD
Advisor(s) Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Hanley Wood

Washington, District of Columbia, United States
website
Hanley Wood is a media and information company serving the housing and commercial design and construction industries. Hanley Wood provides magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions. Hanley Wood was founded in 1976 and is based in Washington. District of Columbia.

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Buyer(S) 3

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 16 of 46
Sector (Media) 5 of 9
Type (Secondary Buyout) 2 of 14
State (District of Columbia) 1 of 1
Country (United States) 14 of 44
Year (2005) 3 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-08 Meyer Material

McHenry, Illinois, United States

Meyer Material Co. is a regional concrete and aggregate business. Meyer Material produces and delivers ready-mix concrete and mines and sells aggregate materials.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-27 American Seafoods

Seattle, Washington, United States

American Seafoods is a catcher-processor of Alaska pollock in U.S. Bering Sea and a harvester of fish for human consumption in United States. The Company owns protected rights to harvest pollock and also holds the right to participate in three other fisheries, including pacific whiting (hake), yellowfin sole, and pacific cod. American Seafoods was founded in 2000 and is based in Seattle, Washington.

Sell -
Buyer

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 64 of 97
Sector (Media) 9 of 9
Type (Secondary Buyout) 9 of 22
State (District of Columbia) 1 of 1
Country (United States) 52 of 75
Year (2005) 4 of 7
Size (of disclosed) 16 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-23 NOWACO A/S

Aalborg, Denmark

Nowaco Central Europe, is a distributor of chilled and frozen food in the Czech Republic, Slovakia, and Hungary to the HoReCa (Hotel, Restaurant, Catering) and retail sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-02 Crosstown Traders

Tuscon, Arizona, United States

Crosstown Traders, a leading direct marketer of women's apparel, footwear, accessorries and specialty gifts, was acquired by Charming Shoppes in June 2005, and then by Orchard Brands in 2008.

Sell $218M
Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 23 of 169
Sector (Media) 7 of 11
Type (Secondary Buyout) 3 of 39
State (District of Columbia) 1 of 1
Country (United States) 23 of 144
Year (2005) 3 of 6
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-07 Network Communications

Norcross, Georgia, United States

Network Communications, Inc. publishes information for the real estate market in North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-17 SoftBrands

Minneapolis, Minnesota, United States

SoftBrands and Infor have complementary businesses given our shared focus on the mid-market, our origins in manufacturing and our product offerings in hospitality. The SoftBrands and Infor partnership offers SoftBrands customers an expanded product portfolio, best-in-class point solutions and a forward-looking technology platform.

Buy -

Seller(S) 2

SELLER

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 11 of 56
Sector (Media) 5 of 11
Type (Secondary Buyout) 6 of 23
State (District of Columbia) 1 of 1
Country (United States) 10 of 43
Year (2005) 2 of 3
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-22 Southern Theaters

New Orleans, Louisiana, United States

Southern Theatres develops and operates multiplex, stadium-seating movie theaters in small-to-midsized markets across the southeastern United States. Southern Theatres operates 36 locations with 433 screens in Alabama, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Texas and Virginia.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-16 DOAR Communications

Lynbrook, New York, United States

DOAR Litigation Consulting is a premium provider of comprehensive litigation support solutions to prominent law firms and Fortune 1000 companies involved in multi-party complex commercial litigation. The company is a single-source provider of a full-range of information and service solutions including Document Management, Electronic Discovery, Web-Based Repository, Jury Research, Trial Graphics and Trial Presentation.

Buy -
SELLER

Halyard Capital

New York, New York, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Halyard Capital is a private equity firm that focuses exclusively within the media, communications and business services industries. Halyard looks to commit between $10 and $40 million of equity per transaction in companies valued up to $250 million. Investments are typically made to help support leveraged buyouts, growth equity and other structured investments. Halyard will consider both control and non-control investment situations and prefers North American based opportunities. Halyard Capital was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 6 of 25
Sector (Media) 3 of 4
Type (Secondary Buyout) 2 of 7
State (District of Columbia) 1 of 1
Country (United States) 6 of 25
Year (2005) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-09 American Community Newspapers

Leesburg, Virginia, United States

American Community Newspapers LLC is a publisher of community newspapers, daily newspapers, a weekly shopper and business and specialty publications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-15 Stella Rising

New York, New York, United States

Stella Rising is a media strategy, planning and buying company to emerging and established brands in the fashion, beauty, health, food and beverage industries. Stella Rising was established in 1982 and is based in New York City.

Buy -