M&A Deal Summary

Stingray Acquires Newfoundland Capital

On May 2, 2018, Stingray acquired media company Newfoundland Capital for 506M USD

Acquisition Highlights
  • This is Stingray’s 13th transaction in the Media sector.
  • This is Stingray’s largest (disclosed) transaction.
  • This is Stingray’s 6th transaction in Canada.
  • This is Stingray’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2018-05-02
Target Newfoundland Capital
Sector Media
Buyer(s) Stingray
Deal Type Add-on Acquisition
Deal Value 506M USD
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
Marckenz Group Capital Partners
Blair Franklin Capital Partners (Financial)
Stewart McKelvey (Legal)

Target

Newfoundland Capital

Dartmouth, Nova Scotia, Canada
website
Newfoundland Capital Corporation Ltd. owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 101 broadcast licences (72 radio stations and 29 repeating signals) across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

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Buyer(S) 1

Buyer

Stingray

Montreal, Quebec, Canada

website

Category Company
Founded 2007
Sector Digital Media
Employees1,000
Revenue 283M CAD (2022)
DESCRIPTION

Stingray is a music and video content provider on a number of platforms including Digital TV, IPTV, the Internet, mobile devices and game consoles. Stingray was founded in 2007 and is based in Montreal, Quebec.

DEAL STATS #
Overall 19 of 26
Sector (Media) 13 of 14
Type (Add-on Acquisition) 14 of 20
State (Nova Scotia) 1 of 1
Country (Canada) 6 of 8
Year (2018) 2 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Qello Concerts

New York, New York, United States

Qello Concerts is a provider of over-the-top (OTT) streaming service for full-length, on-demand concerts and music documentaries reaching users in more than 160 countries. Qello Concerts was established in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Novramedia

North York, Ontario, Canada

Novramedia manufactures and develops its own software and hardware for a variety of digital media solutions. Novramedia also employs a talented in-house creative and content development team resulting in a turnkey digital media solution. The company serves clients in a range of industries including the finance, retail, hospitality, and healthcare sectors.

Buy -
Mergr

Product

Company

Legal