M&A Deal Summary

Regent Acquires Sightline Media Group

On March 21, 2016, private equity firm Regent acquired publishing company Sightline Media Group from TEGNA

Acquisition Highlights
  • This is Regent’s 2nd transaction in the Publishing sector.
  • This is Regent’s 4th transaction in the United States.
  • This is Regent’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2016-03-21
Target Sightline Media Group
Sector Publishing
Buyer(s) Regent
Sellers(s) TEGNA
Deal Type Divestiture

Target

Sightline Media Group

Vienna, Virginia, United States
Sightline Media Group is a provider of news, information and marketing solutions in the military, defense, federal technology, and C4ISR markets. Sightline Media offers our business clientele a wide range of platforms to reach the market. Sightline Media Group was founded in 1940 and is based in Vienna, Virginia.

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Buyer(S) 1

DESCRIPTION

Regent L.P. is a private equity firm focused on control investments in small to large-sized companies with $10 to $750 million of revenue. The Firm has a particular interest in companies with strong brands. Broad sectors of interest include technology, consumer products, industrial, and media/entertainment. Prospective transaction situations include non-core or non-strategic divestitures and buyouts. Regent L.P. was established in 2013 and is headquartered in Beverly Hills, California.


DEAL STATS #
Overall 4 of 21
Sector (Publishing) 2 of 3
Type (Divestiture) 3 of 19
State (Virginia) 2 of 2
Country (United States) 4 of 13
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Current

Colorado Springs, Colorado, United States

Current is a provider of unique, low-priced personalized gifts, greeting cards, and wrapping paper to customers. Current was founded in 1950 and is based in Colorado Springs, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Regis Salons

Birmingham, United Kingdom

Regis Salons is a high street hairdressing brand focused on providing salon services and hair care expertise for creating beautiful hair. Regis Salons was formed in 1922 and is based in Birmingham, United Kingdom.

Buy -

Seller(S) 1

SELLER

TEGNA

Tysons, Virginia, United States

Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 2.9B USD (2020)
DESCRIPTION

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA, Inc. was formerly known as Gannett Co. TEGNA was originally established in 1906 and is based in Tysons, Virginia.


DEAL STATS #
Overall 7 of 10
Sector (Publishing) 4 of 4
Type (Divestiture) 5 of 8
State (Virginia) 2 of 2
Country (United States) 7 of 10
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 Clipper Magazine

Mountville, Pennsylvania, United States

Clipper Magazine LLC is an independent direct-mail advertising magazine companies. Clipper Magazine has grown from a single four-page campus advertising publication to over 320 individual market editions in 23 states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 ShopLocal

Chicago, Illinois, United States

Cofactor Digital is a digital marketing solutions provider, that connects online and offline shoppers across all channels and devices. Cofactor Digital was established in 1999 and is headquartered in Chicago, Illinois.

Sell -