M&A Deal Summary

EagleTree Capital Acquires New York Media

On December 17, 2003, private equity firm EagleTree Capital acquired media company New York Media from RentPath for 55M USD

Acquisition Highlights
  • This is EagleTree Capital’s 4th transaction in the Media sector.
  • This is EagleTree Capital’s 7th largest (disclosed) transaction.
  • This is EagleTree Capital’s 9th transaction in the United States.
  • This is EagleTree Capital’s 4th transaction in New York.

M&A Deal Summary
Date 2003-12-17
Target New York Media
Sector Media
Buyer(s) EagleTree Capital
Sellers(s) RentPath
Deal Type Divestiture
Deal Value 55M USD

Target

New York Media

New York, New York, United States
website
New York Media LLC is a publisher of New York Magazine that analyzes, comments on, and defines the news, culture, entertainment, lifestyle, fashion, and personalities that drive New York City.

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Buyer(S) 1

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 11 of 46
Sector (Media) 4 of 9
Type (Divestiture) 1 of 2
State (New York) 4 of 9
Country (United States) 9 of 44
Year (2003) 2 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-02 Sportcraft

Budd Lake, New Jersey, United States

Sportcraft Ltd. is a manufacturer of recreational sports gear like pool tables, air hockey and horseshoe sets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Harry & David Holdings

Medford, Oregon, United States

Harry & David Holdings, Inc. is a producer and marketer of branded premium fresh fruit and gourmet foods. Harry & David markets its products through catalogs distributed through the mail, the Internet, business-to-business and consumer telemarketing, Harry & David stores and wholesale distribution.

Buy $253M

Seller(S) 1

SELLER

RentPath

Norcross, Georgia, United States

website

Category Company
Founded 1975
Sector Digital Media
Employees770
Revenue 227M USD (2019)
DESCRIPTION

RentPath, Inc. is a primary service is digital marketing for rental properties through a network of Internet listing websites, including Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com. RentPath was founded in 1975 and is based in Norcross, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Media) 1 of 1
Type (Divestiture) 2 of 3
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2003) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-24 Sprinks Ad Service

Palo Alto, California, United States

Sprinks is an Internet advertising company. Sprinks is based in Palo Alto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-29 Films Media Group

Hamilton, New Jersey, United States

FMG is a source of educational video and multimedia programs for schools, colleges, libraries, the medical community, and other institutions. FMG offers more than 12,000 titles on a wide variety of topics, available in formats ranging from DVD to digital to VHS.

Sell -
Mergr

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