M&A Deal Summary

Handleman Acquires Crave Entertainment Group

On October 21, 2005, Handleman acquired distribution company Crave Entertainment Group for 72M USD

Acquisition Highlights
  • This is Handleman’s 1st transaction in the Distribution sector.
  • This is Handleman’s largest (disclosed) transaction.
  • This is Handleman’s 2nd transaction in the United States.
  • This is Handleman’s 1st transaction in California.
Investment Fate
  • Crave Entertainment Group was divested to a consortium of strategic buyers in 2009.

M&A Deal Summary
Date 2005-10-21
Target Crave Entertainment Group
Sector Distribution
Buyer(s) Handleman
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Crave Entertainment Group

Rancho Dominguez, California, United States
CEG, headquartered in Newport Beach, California, distributes video game software, hardware and accessories to more than 30,000 retail stores. This includes exclusive distribution of CEG branded video games. Customersinclude: Sam's Club, Costco, Toys"R"Us, GameStop, Best Buy, Target, KB Toys, Army & Air Force Exchange Service (AAFES), and other national and regional retailers.

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Buyer(S) 1

Buyer

Handleman

Troy, Michigan, United States

website

Category Company
Founded 1934
Sector Distribution
DESCRIPTION

Handleman Co. provides music distribution across US.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2005) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 REPS

Murfreesboro, Tennessee, United States

REPS LLC provides media services for retail industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-10 Crave Entertainment Group

Rancho Dominguez, California, United States

CEG, headquartered in Newport Beach, California, distributes video game software, hardware and accessories to more than 30,000 retail stores. This includes exclusive distribution of CEG branded video games. Customersinclude: Sam's Club, Costco, Toys"R"Us, GameStop, Best Buy, Target, KB Toys, Army & Air Force Exchange Service (AAFES), and other national and regional retailers.

Sell -
Mergr

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