M&A Deal Summary |
|
---|---|
Date | 1999-02-23 |
Target | FrontierVision Partners |
Sector | Communications |
Buyer(s) | Adelphia Communications |
Sellers(s) |
Eos
DAG Private Equity M/C Partners Olympus Partners |
Deal Type | Add-on Acquisition |
Deal Value | 2.1B USD |
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Category | Company |
---|---|
Founded | 1952 |
Sector | Communications |
Adelphia Communications was the country’s sixth largest cable television operator and, through various subsidiaries, provided cable television and local telephone service to customers in twenty-nine states and Puerto Rico.
DEAL STATS | # |
---|---|
Overall | 2 of 5 |
Sector (Communications) | 2 of 5 |
Type (Add-on Acquisition) | 2 of 4 |
State (Colorado) | 1 of 1 |
Country (United States) | 2 of 5 |
Year (1999) | 1 of 2 |
Size (of disclosed) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1998-12-21 |
Verto Communications
Scranton, Pennsylvania, United States Verto Communications, Inc. provides cable television to approximately 56,000 subscribers in the greater Scranton, Pennsylvania area. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-03-05 |
Century Communications
New Canaan, Connecticut, United States Century Communications Corp. owns and operates cable television systems with significant concentrations of subscribers in California, Colorado and Puerto Rico. |
Buy | $5.2B |
Category | Asset Manager |
---|---|
Founded | 1994 |
PE ASSETS | 1.5B USD |
Size | Large |
Type | Sector Agnostic |
Eos is an investment firm with strategies covering private equity, public equity, and credit markets. The Firm targets businesses generating sales of $25 to $500 million and EBITDA of $5 to $50 million. Eos invests in businesses under-going ownership changes, divestitures, management buyouts or and recapitalizations. The Firm invests up to $100 million per transaction. Target sectors include business/outsourced services, alternative media/marketing, healthcare services, transportation/logistics, infrastructure/environmental services, energy, and financial services. Eos was formed in 1994 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 2 of 25 |
Sector (Communications) | 2 of 2 |
Type (Add-on Acquisition) | 1 of 6 |
State (Colorado) | 1 of 2 |
Country (United States) | 2 of 25 |
Year (1999) | 2 of 2 |
Size (of disclosed) | 1 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-01-01 |
Mark Twain Cablevision
Wabasha, Missouri, United States Mark Twain Cablevision is a consolidator and operator of cable television systems in Rural U.S. markets. Mark Twain Cablevision back Fanch Communications, a leading cable television operator, in acquiring five rural cable systems serving over 43,000 subscribers in six states. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-05-01 |
Bargo Energy
Houston, Texas, United States Bargo Energy Company is an exploration and production company based in Houston, Texas that focused on the acquisition, divestiture, development and production of oil and gas properties in Texas, Louisiana, California and New Mexico. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1991 |
PE ASSETS | 1.0B USD |
Size | Large |
Type | Sector Agnostic |
DAG Private Equity (“DAG PE”) is an private equity arm of Duff Ackerman & Goodrich LLC (DAG). DAG Private Equity invests its equity capital with strong management teams focused on building companies in well-defined, growing market niches in select industry segments – specialty manufacturing, communications, media, and information technology. DAG Private Equity was formed in 1991 and is based in San Francisco, California.
DEAL STATS | # |
---|---|
Overall | 4 of 12 |
Sector (Communications) | 1 of 3 |
Type (Add-on Acquisition) | 2 of 7 |
State (Colorado) | 1 of 1 |
Country (United States) | 4 of 11 |
Year (1999) | 1 of 2 |
Size (of disclosed) | 1 of 8 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1998-02-18 |
The Burke Group
Atlanta, Georgia, United States In 1996, DAG acquired The Burke Group which manufactured hardware and chemicals used in concrete construction. The company's cash flow went from negative to positive and the company was sold to MMI Products in 1998 for cash. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-11-09 |
Triton Cellular Partners
Albany, Oregon, United States Triton Cellular Partners LP is an investment vehicle for the acquisition of rural cellular telephony properties in the United States. |
Sell | $1.2B |
Category | Private Equity Firm |
---|---|
Founded | 1986 |
PE ASSETS | 2.4B USD |
Size | Large |
Type | Sector Focused |
M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.
DEAL STATS | # |
---|---|
Overall | 6 of 31 |
Sector (Communications) | 6 of 20 |
Type (Add-on Acquisition) | 3 of 16 |
State (Colorado) | 1 of 2 |
Country (United States) | 6 of 26 |
Year (1999) | 3 of 4 |
Size (of disclosed) | 3 of 15 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-01-18 |
WNP Communications
Earlysville, Virginia, United States WNP Communications, Inc. is a provider of broadband wireless services. |
Sell | $695M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-11-09 |
Triton Cellular Partners
Albany, Oregon, United States Triton Cellular Partners LP is an investment vehicle for the acquisition of rural cellular telephony properties in the United States. |
Sell | $1.2B |
Category | Private Equity Firm |
---|---|
Founded | 1988 |
PE ASSETS | 8.4B USD |
Size | Mega |
Type | Sector Agnostic |
Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.
DEAL STATS | # |
---|---|
Overall | 7 of 50 |
Sector (Communications) | 1 of 1 |
Type (Add-on Acquisition) | 2 of 23 |
State (Colorado) | 1 of 1 |
Country (United States) | 7 of 47 |
Year (1999) | 3 of 4 |
Size (of disclosed) | 2 of 14 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-02-19 |
Vignette
Austin, Texas, United States Vignette is proud to be a part of Open Text, a global leader in Enterprise Content Management. Together, our Web content management, portal and collaboration solutions provide the backbone for dynamic Web experiences. The world’s leading organizations rely on Vignette to power their business-critical Web and e-business solutions and to deliver benefits such as increased customer loyalty, revenue generation, productivity and costs savings. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-10-04 |
Preview Travel
San Francisco, California, United States Preview Travel is a leading provider of online travel services for leisure and small business travelers. The company?s website offers one-stop shopping for airline tickets, hotels, rental cars and vacation packages. |
Sell | - |