M&A Deal Summary

Palladium Equity Partners Acquires Hibernia Communications

On November 1, 1997, private equity firm Palladium Equity Partners acquired communications company Hibernia Communications

Acquisition Highlights
  • This is Palladium Equity Partners’ 1st transaction in the Communications sector.
  • This is Palladium Equity Partners’ 2nd transaction in the United States.
  • This is Palladium Equity Partners’ 1st transaction in New York.
Investment Fate
  • Hibernia Communications was sold to a strategic buyer in 2000.

M&A Deal Summary

Date 1997-11-01
Target Hibernia Communications
Sector Communications
Buyer(s) Palladium Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Hibernia Communications

New York, New York, United States
Hibernia Communications was formed in 1997 in conjunction with operating executives Michael Craven and James Thompson to acquire under-managed or poorly capitalized AM radio stations at a discount to asset or ?stick? value and convert the formats to Radio Disney, a unique format developed by Walt Disney/ABC Radio Networks designed to target children ages 6 to 12.

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Buyer(S) 1

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium Equity Partners was formed in 1997 and is based in New York, New York.


DEAL STATS #
Overall 2 of 55
Sector: Communications M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 24
State: New York M&A 1 of 5
Country: United States M&A 2 of 54
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 Fairfield Manufacturing Co.

Lafayette, Indiana, United States

Fairfield Manufacturing Company, Inc. is the leading independent domestic manufacturer and marketer of custom gears and planetary gear systems. When the Company was purchased in August 1989, it had sales of approximately $120 million. Fairfield was a market leader, had recently completed an operational restructuring and had an excellent management team around which to consolidate a fragmented industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Guide

Anderson, Indiana, United States

Guide Corporation is North America's leading supplier of exterior automotive lighting systems, including both forward and signal lighting. Guide's manufacturing facilities are located in Anderson, Ind., Monroe, La., and Monterrey, Mexico. The company's corporate offices and its Engineering Technical Center are both located in Pendleton, Ind. In addition, Guide operates a Customer Support Center in Madison Heights, Mich. Guide has 3,100 employees worldwide and recorded 1999 sales of approximately $600 million.

Buy -