M&A Deal Summary

Liberty Media Acquires Formula One World Championship

On September 7, 2016, Liberty Media acquired media company Formula One World Championship from CVC Capital Partners for 8.0B USD

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

M&A Deal Summary

Date 2016-09-07
Target Formula One World Championship
Sector Media
Buyer(s) Liberty Media
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 8.0B USD
Advisor(s) Goldman Sachs Investment Banking Division (Financial)
Freshfields Bruckhaus Deringer LLP
Weil Gotshal & Manges LLP (Legal)

Target

Formula One World Championship

Knightsbridge, United Kingdom
website
Formula One World Championship Ltd. is an organizer of racing championship, including the right to stage and promote the events, to sell broadcast footage (via Formula One Administration, and to offer sponsorship and hospitality packages (via APM and Allsport Management).

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Buyer(S) 1

Buyer

Liberty Media

Englewood, Colorado, United States

website


Category Company
Founded 1991
SectorMedia
Revenue 9.4B USD (2020)
DESCRIPTION
Liberty Media's corporate headquarters in Englewood, Colorado.
Liberty Media's corporate headquarters in Englewood, Colorado.

Liberty Media owns interests in a broad range of media, communications and entertainment businesses. Those interests include subsidiaries SiriusXM, Atlanta National League Baseball Club Inc., and True Position Inc., interests in Charter Communications and Live Nation and minority equity investments in Barnes & Noble, Time Warner Cable, Time Warner Inc., and Viacom. Liberty Media was founded in 1991 and is based in Englewood, Colorado.


DEAL STATS #
Overall 7 of 8
Sector (Media) 2 of 2
Type (Add-on Acquisition) 7 of 8
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 LMC Right Start

Denver, Colorado, United States

LMC Right Start, Inc. is a retailer of juvenile products for infants through toddlers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 General Communication

Anchorage, Alaska, United States

General Communication, Inc. is a provider of voice, data and video services in Alaska, through which consumers can experience entertainment everywhere. GCI is also the provider of communications services to enterprise customers, particularly large enterprise customers with complex data networking needs.

Buy $1.1B

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 82.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €250 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 123 of 164
Sector (Media) 2 of 3
Type (Add-on Acquisition) 44 of 61
Country (United Kingdom) 28 of 32
Year (2016) 4 of 5
Size (of disclosed) 1 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-05 Quirónsalud

Madrid, Spain

IDC Salud Holding S.L.U. is a private healthcare operator provides the diagnosis and treatment of cardiovascular disease and cancer.based in Madrid, Spain.

Sell $5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Naturgy

Barcelona, Spain

Naturgy is an energy infrastructure company operates across the gas value chain from procurement to liquefaction, storage, regasification, transportation, distribution, and marketing. The Company owns the largest gas distribution network and has a leading market share in the retailing of gas in Spain. Gas Natural also owns and operates gas distribution networks in Latin America with leading market shares in Brazil, Chile, Colombia, and Mexico.

Buy -