M&A Deal Summary

Oaktree Capital Management Acquires National Mobile Television

On February 9, 1997, asset manager Oaktree Capital Management acquired media company National Mobile Television, Inc. from King Broadcasting Co., Inc. for 555M USD

Acquisition Highlights
  • This is Oaktree Capital Management’s 1st transaction in the Media sector.
  • This is Oaktree Capital Management’s 1st largest (disclosed) transaction.
  • This is Oaktree Capital Management’s 2nd transaction in the United States.
  • This is Oaktree Capital Management’s 2nd transaction in California.
Investment Fate
  • National Mobile Television was sold to a financial buyer in 2006.
  • National Mobile Television was sold to a strategic buyer in 2008.

M&A Deal Summary

Date 1997-02-09
Target National Mobile Television, Inc.
Sector Media
Buyer(s) Oaktree Capital Management
Sellers(s) King Broadcasting Co., Inc.
Deal Type Divestiture
Deal Value 555M USD

Target

National Mobile Television, Inc.

Torrance, California, United States
National Mobile Television, Inc. is a provider of mobile television production facilities and related equipment and services. NMT's fleet of mobile units is rented by major and regional broadcast networks and used to produce live telecasts, primarily of sporting events.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1995
SizeMega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 3 of 89
Sector (Media) 1 of 2
Type (Divestiture) 2 of 5
State (California) 2 of 14
Country (United States) 2 of 59
Year (1997) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-04-06 Elgar Electronics Corp.

San Diego, California, United States

Elgar Electronics Corp. is a designer and manufacturer of AC and DC programmable power supplies, Elgar's products are used in designing and testing power-sensitive electronics that must operate in environments where power quality is uncertain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-01 Acorn Products, Inc.

Columbus, Ohio, United States

Acorn Products, Inc. is a manufacturer and marketer of non-powered lawn and garden tools in the United States.

Buy -

Seller(S) 1

SELLER

King Broadcasting Co., Inc.

Seattle, Washington, United States

website


Category Company
Founded 1946
SectorMedia
DESCRIPTION

King Broadcasting Co., Inc. is a broadcast media company.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 1