M&A Deal Summary

Focus Media Acquires CGEN Digital Media Network

On January 4, 2008, Focus Media acquired media company CGEN Digital Media Network from Sumitomo Equity Asia for 182M USD

Acquisition Highlights
  • This is Focus Media’s 1st transaction in the Media sector.
  • This is Focus Media’s largest (disclosed) transaction.
  • This is Focus Media’s 2nd transaction in China.

M&A Deal Summary

Date 2008-01-04
Target CGEN Digital Media Network
Sector Media
Buyer(s) Focus Media
Sellers(s) Sumitomo Equity Asia
Deal Type Add-on Acquisition
Deal Value 182M USD

Target

CGEN Digital Media Network

Shanghai, China
CGEN Digital Media Network Co. Ltd. a Shanghai based leading In-store TV media network operator for quality retail chains in China.

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Buyer(S) 1

Buyer

Focus Media

Shanghai, China

website


Category Company
Founded 2003
Sector Marketing
Employees5
Revenue 14M CNY (2021)
DESCRIPTION

Focus Media is a multi-platform digital media company, operating LCD display network in China. The Company operates in four business segments: LCD, Poster Frame, In-Store and Movie Theaters. Focus Media was founded in 2003 and is based in Shanghai, China.


DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (China) 2 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 iResearch Consulting Group

Shanghai, China

iResearch Consulting Group is an IT industry research firm.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-30 Allyes Online Media Holding

Shanghai, China

Allyes Online Media Holding Ltd. is the largest online media service provider in China that offers a complete suite of digital marketing solutions and a pioneer in Chinese Internet advertising technology.

Sell $124M

Seller(S) 1

SELLER
DESCRIPTION

Sumitomo Corporation Equity Asia Limited (SCEA) is the Asian private equity arm of Japanese conglomerate Sumitomo. SCEA generally targets fast growing, small to mid-market companies from early to expansion stage. The Firm will also co-invest alongside other investors in larger buyout situations. SCEA will consider investing in high-tech sectors as well more traditional industries. Sectors of interest include wireless, semiconductors, internet services, IT, clean technology, manufacturing, automotive, distribution, logistics, and financial services. SCEA will not invest in privatization opportunities, biotech, capital intensive businesses, infrastructure, or real estate. SCEA was formed in 2002 and is based in Hong Kong.


DEAL STATS #
Overall 8 of 12
Sector (Media) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (China) 2 of 4
Year (2008) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-26 Fiberxon

Santa Clara, California, United States

Fiberxon Inc. is focused on the design, manufacturing, and marketing of best-in-class and cost-effective optoelectronic interface modules and solutions for communication systems and networks. Founded in 2000, Fiberxon has its headquarters in Santa Clara, California, and subsidiaries and offices in Tokyo, Beijing, Shanghai, Shenzhen and Chengdu and Macao. Supported by leading venture capital and world-class strategic partners, Fiberxon meets the demands of its customers worldwide with products and services derived from its innovation in technology, product development, and manufacturing processes, as well as its complete quality and reliability assurance systems.

Sell $131M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 NetentSec

Beijing, China

NetentSec, Inc. is a Beijing based provider of proprietary Internet Control Gateway (ICG) solutions that ensure legal, compliant, productive, and safe use of Internet at the workplace.

Buy -