M&A Deal Summary

Stockwell Capital, Saban Capital Group, Pamlico Capital, TPG, Madison Dearborn Partners, Providence Equity Partners, Thomas H. Lee Partners and Adams Street Partners Acquire Univision

On March 27, 2007, private equity firm Stockwell Capital, private equity firm Saban Capital Group, private equity firm Pamlico Capital, private equity firm TPG, private equity firm Madison Dearborn Partners, private equity firm Providence Equity Partners, private equity firm Thomas H. Lee Partners and asset manager Adams Street Partners acquired media company Univision for 13.7B USD

Acquisition Highlights
  • This is Stockwell Capital’s 3rd, Saban Capital Group’s 3rd, Pamlico Capital’s 4th, TPG’s 2nd, Madison Dearborn Partners’ 2nd, Providence Equity Partners’ 14th, Thomas H. Lee Partners’ 5th and Adams Street Partners’ 3rd transaction in the Media sector.
  • This is Stockwell Capital’s 4th, Saban Capital Group’s , Pamlico Capital’s , TPG’s 5th, Madison Dearborn Partners’ , Providence Equity Partners’ 2nd, Thomas H. Lee Partners’ 2nd and Adams Street Partners’ largest (disclosed) transaction.
  • This is Stockwell Capital’s 20th, Saban Capital Group’s 1st, Pamlico Capital’s 30th, TPG’s 66th, Madison Dearborn Partners’ 35th, Providence Equity Partners’ 26th, Thomas H. Lee Partners’ 22nd and Adams Street Partners’ 35th transaction in the United States.
  • This is Stockwell Capital’s 2nd, Saban Capital Group’s 1st, Pamlico Capital’s 4th, TPG’s 2nd, Madison Dearborn Partners’ 5th, Providence Equity Partners’ 4th, Thomas H. Lee Partners’ 4th and Adams Street Partners’ 1st transaction in New York.
Investment Fate
  • Univision was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2007-03-27
Target Univision
Sector Media
Buyer(s) Stockwell Capital
Saban Capital Group
Pamlico Capital
TPG
Madison Dearborn Partners
Providence Equity Partners
Thomas H. Lee Partners
Adams Street Partners
Deal Type Going Private
Deal Value 13.7B USD
Advisor(s) UBS Investment Bank (Financial)
Skadden, Arps, Slate, Meagher & Flom
O'Melveny & Myers (Legal)

Target

Univision

New York, New York, United States
Univision entertains, informs, and empowers U.S. Hispanics with news, sports, and entertainment content across broadcast and cable television, audio, and digital platforms. The company’s top-rated media portfolio includes the Univision and UniMás broadcast networks, as well as cable networks Galavisión and TUDN, the No. 1 Spanish-language sports network in the country. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. Additionally, Uforia, the Home of Latin Music, encompasses 58 owned or operated radio stations, plus 89 affiliates, a live event series, and a robust digital audio footprint. Univision was formed in 1992 and is based in New York, New York.

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Buyer(S) 8

Buyer

Stockwell Capital

Austin, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.

DEAL STATS #
Overall 28 of 44
Sector (Media) 3 of 3
Type (Going Private) 6 of 12
State (New York) 2 of 3
Country (United States) 20 of 35
Year (2007) 1 of 9
Size (of disclosed) 4 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-12 Sabre

Southlake, Texas, United States

Sabre is a technology software provider to the travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas.

Buy $5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-05 Icicle Seafoods

Seattle, Washington, United States

Icicle Seafoods, Inc. is a diversified seafood harvesting and processing company. Icicle's core business is the primary processing of seafood including wild salmon, pollock, halibut, cod, sablefish, and herring. Icicle Seafoods was founded in 1965 and is based in Seattle, Washington.

Buy -
Buyer

Saban Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Large
Type Sector Focused
DESCRIPTION

Saban Capital Group (SCG) is a private investment firm specializing in the media, entertainment and communications industries. SCG makes both controlling and minority investments in public and private companies. In addition to its private equity activity, the Firm makes early-stage investments in digital media, mobile and consumer internet endeavors, through Saban Ventures, formed in 2008. SCG was established in 2001 by Haim Saban and is based in Los Angeles.

DEAL STATS #
Overall 4 of 14
Sector (Media) 3 of 8
Type (Going Private) 1 of 1
State (New York) 1 of 2
Country (United States) 1 of 5
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The Entertainment segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Sell $3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Keshet Broadcasting

Tel Aviv, Israel

Keshet Broadcasting Ltd. is a commercial television broadcaster. Keshet involved in various media segments, including broadcasting, internet and cellular, and a number of its television concepts are sold internationally.

Sell -
Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 31 of 84
Sector (Media) 4 of 5
Type (Going Private) 1 of 2
State (New York) 4 of 7
Country (United States) 30 of 79
Year (2007) 4 of 5
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-14 Integrated BroadBand Services

Kennesaw, Georgia, United States

Integrated BroadBand Services LLC is a provider of broadband network management software and services. IBBS provides managed software solutions that enable broadband providers to deliver exceptional services and reduce unnecessary operations costs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 MetroPCS Communications

Richardson, Texas, United States

MetroPCS Communications, Inc. is a provider of wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts.

Sell -
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 94 of 421
Sector (Media) 2 of 9
Type (Going Private) 12 of 36
State (New York) 2 of 13
Country (United States) 66 of 276
Year (2007) 6 of 20
Size (of disclosed) 5 of 105
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-21 Yunnan Red Wine Co

Kunming, China

Yunnan Red Wine Company, Ltd markets and distributes alcoholic beverages and products. The company produces red wines in China. Yunnan Red Wine Company was founded in 1997 and is based in Yunnan Province, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-30 Direct General

Nashville, Tennessee, United States

Direct General Corp. is a financial services company providing non-standard personal automobile insurance, term life insurance, premium finance and other consumer finance products and services through retail offices.

Buy $628M
Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 38 of 99
Sector (Media) 2 of 2
Type (Going Private) 1 of 8
State (New York) 5 of 9
Country (United States) 35 of 85
Year (2007) 1 of 6
Size (of disclosed) 1 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 BevMo

Concord, California, United States

BevMo is a specialty retailing chain engaged in the sale of premium alcoholic beverages, specialty food, and related merchandise. BevMo is founded in 1994 and is based in Concord, California.

Sell $205M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 MetroPCS Communications

Richardson, Texas, United States

MetroPCS Communications, Inc. is a provider of wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts.

Sell -
Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 42 of 135
Sector (Media) 14 of 29
Type (Going Private) 5 of 12
State (New York) 4 of 11
Country (United States) 26 of 85
Year (2007) 4 of 10
Size (of disclosed) 2 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-26 Digiturk

Istanbul, Turkey

Digiturk is the pay-TV operator in Turkey with approximately 3.5 million subscribers, offering a premium mix of leading sports and entertainment content across 239 standard and high definition channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-12 Recoletos Grupo de Comunicación S.A.

Madrid, Spain

Recoletos is the leading specialized publishing company in Spain. Recoletos’ titles include sports daily Marca, Spain's most read newspaper, and Expansión, Spain's leading business daily.

Sell €1.1B
Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 30 of 90
Sector (Media) 5 of 5
Type (Going Private) 2 of 5
State (New York) 4 of 5
Country (United States) 22 of 77
Year (2007) 2 of 3
Size (of disclosed) 2 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-26 Aramark

Philadelphia, Pennsylvania, United States

Aramark is a professional services, providing food services, facilities management, and uniform and career apparel to healthcare institutions, universities and school districts, stadiums and arenas, businesses and government departments and agencies. Aramark was incorporated in 1959 and is headquartered in Philadelphia, Pennsylvania.

Buy $8.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-14 Dayforce

Minneapolis, Minnesota, United States

Dayforce is a global human capital management software company. Dayforce the flagship cloud HCM platform provides human resources, payroll, benefits, workforce management, and talent management functionality. Ceridian platform is used to optimize the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Dayforce was founded in 1992 and is based in Minneapolis, Minnesota.

Buy $5.3B
Buyer

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.

DEAL STATS #
Overall 40 of 148
Sector (Media) 3 of 3
Type (Going Private) 2 of 2
State (New York) 1 of 7
Country (United States) 35 of 136
Year (2007) 5 of 11
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-25 WhiteFence

Houston, Texas, United States

WhiteFence, Inc. is an online marketing company focused in the home services vertical. It operates a nationwide online marketplace for consumers to comparatively evaluate and purchase a broad array of home services uniquely tailored to their specific needs, and aligned with the provider alternatives at their home address. The company’s product offerings include essential home services such as telephone, cable and satellite television, high speed Internet, electricity, natural gas, and home security.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-17 Shermans Travel

New York, New York, United States

ShermansTravel is a publisher of top travel deals and vacation destination advice and built a loyal audience among travelers who share a passion for the best travel deals on flights, hotels, vacation packages, and cruises. Shermans Travel was founded in 2002 and is based in New York City.

Buy -
Mergr

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Company

Legal