M&A Deal Summary

Getty Images Acquires image.net

On July 22, 2004, Getty Images acquired media company image.net from Palamon Capital Partners for 14M EUR

Acquisition Highlights
  • This is Getty Images’ 2nd transaction in the Media sector.
  • This is Getty Images’ 3rd largest (disclosed) transaction.
  • This is Getty Images’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-07-22
Target image.net
Sector Media
Buyer(s) Getty Images
Sellers(s) Palamon Capital Partners
Deal Type Add-on Acquisition
Deal Value 14M EUR

Target

image.net

London, United Kingdom
website
image.net Ltd. is a provider in the digital distribution of publicity and marketing materials for the entertainment industry.

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Buyer(S) 1

Buyer

Getty Images

Seattle, Washington, United States

website

Category Company
Founded 1995
Sector Digital Media
DESCRIPTION

Getty Images offers a full range of content solutions to meet the needs of customers around the world. With a broad portfolio that includes the Getty Images, Stock, and Unsplash brands, the Company reaches and empowers a broad base of global customers ranging from international enterprises to amateur creators. Getty Images was formed in 1995 and is based in Seattle, Washington.

DEAL STATS #
Overall 2 of 10
Sector (Media) 2 of 4
Type (Add-on Acquisition) 2 of 10
Country (United Kingdom) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-09 PhotoDisc

Seattle, Washington, United States

PhotoDisc, Inc. is a supplier of high quality, royalty-free digital stock images to the professional graphics arts market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-09 iStockphoto

Calgary, Alberta, Canada

iStockphoto LP is an online provider of international microstock photography.

Buy $50M

Seller(S) 1

SELLER

Palamon Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Palamon Capital Partners LP is a private equity firm that targets investments in high-growth service-oriented businesses throughout Europe. Palamon specifically looks for companies operating in business services, financial services, media and communications, leisure and entertainment, information technology, and healthcare. The Firm's target investment size is €30 to €100 million. Funds are generally used to support development needs, however, Palamon will also consider investing in early-stage businesses, recapitalizations, deleveraging transactions, turnarounds, and buyouts. Palamon Capital Partners LP was formed in 1999 and is based in London.

DEAL STATS #
Overall 2 of 29
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 13
Country (United Kingdom) 1 of 11
Year (2004) 1 of 2
Size (of disclosed) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-14 Star Parks Luxembourg HoldCo Sarl

Dusseldorf, Germany

Star Parks Luxembourg HoldCo Sarl is a theme park operator, consists of seven large format sites. Each park comprises large-scale family attractions, feature rides and activities.

Buy €155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-22 TeamSystem

Pesaro, Italy

TeamSystem is a provider of accounting, payroll, and business management software for accountants and small and medium-sized enterprises in Italy. TeamSystem offers a broad range of mission-critical, on-premise and cloud solutions to a diversified base of its customers. TeamSystem was founded in 1979 and is based in Pesaro, Italy.

Sell -
Mergr

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