M&A Deal Summary

Getty Images Acquires image.net

On July 22, 2004, Getty Images, Inc. acquired media company image.net Ltd. 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 Ltd.
Sector Media
Buyer(s) Getty Images, Inc.
Sellers(s) Palamon Capital Partners
Deal Type Add-on Acquisition
Deal Value 14M EUR

Target

image.net Ltd.

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, Inc.

Seattle, Washington, United States

website


Category Company
Founded 1995
SectorDigital Media
DESCRIPTION

Getty Images, Inc. is a marketplace for distributing, searching, licensing, and managing digital imagery and multimedia. Getty Images is one of the most trusted and esteemed sources of visual content in the world, with over 300 million assets including photos, videos, and music, available through its industry-leading sites www.gettyimages.com and www.istock.com. The Getty Images website serves creative, business and media customers in nearly every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images was formed in 1995 and is based in Seattle, Washington.


DEAL STATS #
Overall 2 of 8
Sector (Media) 2 of 4
Type (Add-on Acquisition) 2 of 8
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-09 PhotoDisc, Inc.

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 LP

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
SizeLarge
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 26
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 12
Country (United Kingdom) 1 of 9
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 Holding S.p.A.

Milan, Italy

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

Sell -