M&A Deal Summary

Live Nation Acquires HOB Entertainment

On July 6, 2006, Live Nation acquired media company HOB Entertainment from CCMP Capital for 350M USD

Acquisition Highlights
  • This is Live Nation’s 2nd transaction in the Media sector.
  • This is Live Nation’s largest (disclosed) transaction.
  • This is Live Nation’s 1st transaction in the United States.
  • This is Live Nation’s 1st transaction in California.

M&A Deal Summary

Date 2006-07-06
Target HOB Entertainment
Sector Media
Buyer(s) Live Nation
Sellers(s) CCMP Capital
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

HOB Entertainment

Beverly Hills, California, United States
website
House of Blues Entertainment LLC (HOB) is a multidimensional entertainment company that capitalizes on the popularity and universality of music through the development of its House of Blues brand. HOB operates destination-based entertainment clubs, which integrate a live music hall, a theme restaurant and bar and a specialty retail store. HOB Entertainment was acquired by Live Nation in November of 2006.

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Buyer(S) 1

Buyer

Live Nation

Beverly Hills, California, United States

website


Category Company
Founded 2005
Sector Media
Employees12,800
Revenue 16.7B USD (2022)
DESCRIPTION
Entrance to Live Nation's headquarters in Beverly Hills, California.
Entrance to Live Nation's headquarters in Beverly Hills, California.

Live Nation is a live entertainment company. Live Nation produces live music concerts; owns, operates, has exclusive booking rights for or has an equity interest in 148 venues, including House of Blues music venues and locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and The O2 Dublin; provides ticketing sales and marketing services; and provides artist management services. Live Nation was formed in 2005 and is based in Beverly Hills, California.


DEAL STATS #
Overall 2 of 43
Sector (Media) 2 of 34
Type (Add-on Acquisition) 2 of 36
State (California) 1 of 6
Country (United States) 1 of 17
Year (2006) 2 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-30 Concert Productions International

Toronto, Ontario, Canada

Concert Productions International, Inc. is a full service global touring, having produced some of the grossing tours includes the Rolling Stones, Pink Floyd and U2.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-13 Trunk

United Kingdom

Trunk Ltd. is a provider of authentic luxury goods. TRUNK LTD's products are available in over 600 specialty stores and boutiques around the world.

Buy -

Seller(S) 1

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 29 of 78
Sector (Media) 3 of 8
Type (Add-on Acquisition) 8 of 22
State (California) 4 of 6
Country (United States) 27 of 61
Year (2006) 6 of 6
Size (of disclosed) 24 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-28 Berry

Evansville, Indiana, United States

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial and transportation markets. Berry was incorporated in 1967 and is headquartered in Evansville, Indiana.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Generac

Waukesha, Wisconsin, United States

Generac is a designer and manufacturer of a range of generators and other engine powered products. Generac was established in 1959 and is based in Waukesha, Wisconsin.

Buy $689M