M&A Deal Summary

Alta Equity Partners and Nautic Partners Acquire 1105 Media

On April 11, 2006, private equity firms Alta Equity Partners and Nautic Partners acquired media company 1105 Media from Frontenac

Acquisition Highlights
  • This is Alta Equity Partners’ 17th and Nautic Partners’ 2nd transaction in the Media sector.
  • This is Alta Equity Partners’ 29th and Nautic Partners’ 28th transaction in the United States.
  • This is Alta Equity Partners’ 5th and Nautic Partners’ 2nd transaction in California.

M&A Deal Summary

Date 2006-04-11
Target 1105 Media
Sector Media
Buyer(s) Alta Equity Partners
Nautic Partners
Sellers(s) Frontenac
Deal Type Secondary Buyout

Target

1105 Media

Woodland Hills, California, United States
1105 Media is an operator of a business-to-business media company targeting the information technology community. The company delivers relevant and targeted news on technology, products, policy, and regulation through an assortment of media, including print and online magazines, journals, and newsletters; seminars, conferences, executive summits, and trade shows; training and courseware; and Web-based services. 1105 Media was founded in 1998 and is based in Woodland Hills, California.

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Buyer(S) 2

Buyer

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


DEAL STATS #
Overall 32 of 40
Sector (Media) 17 of 19
Type (Secondary Buyout) 2 of 3
State (California) 5 of 7
Country (United States) 29 of 36
Year (2006) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-06 New Homes Realty

Tampa, Florida, United States

New Homes Realty is in assisting relocation buyers in the purchase of newly constructed homes, with a secondary emphasis on the existing home market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-05 Highwinds

Winter Park, Florida, United States

Highwinds is a multi-platform IP services provider that specializes in software, content delivery network and IP infrastructure services (transport, hosting and storage). Highwinds is based in Winter Park, Florida.

Buy -
Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 28 of 77
Sector (Media) 2 of 2
Type (Secondary Buyout) 6 of 22
State (California) 2 of 9
Country (United States) 28 of 76
Year (2006) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Curtis

West Boylston, Massachusetts, United States

Curtis is a manufacturer of cabs and enclosures for the utility vehicle (“UTV”), compact tractor, and golf cart industries, as well as a manufacturer of snowplows, spreaders, and related equipment for the snow and ice control market. Curtis was founded in 1968 and is based in West Boylston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-02 Big Train Holdings

Lake Forest, California, United States

Founded in 1989 by Paul Roy and Craig Meyers, Big Train has become a leading brand in the powdered and liquid concentrate beverage market. The company delivers its products, including chai teas, blended ice coffees, blended fruit teas, hot cocoas, smoothie mixes, and flavored syrups, to more than 7,000 customers, including independent and small chain coffee shops, bakeries and small retail coffee outlets. Big Train also serves foreign clients through its fast-growing international division.

Buy -

Seller(S) 1

SELLER

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 23 of 59
Sector (Media) 1 of 2
Type (Secondary Buyout) 5 of 16
State (California) 3 of 11
Country (United States) 21 of 57
Year (2006) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-26 Chipotle

Newport Beach, California, United States

Chipotle is a chain of fast-casual restaurants. Chipotle focuses on Mexican cuisine with fresh ingredients. Chipotle was incorporated in 1993 and is based in Newport Beach, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-11 DVC Worldwide

Morristown, New Jersey, United States

DVC Worldwide, Inc. was acquired by Aspen Marketing Services, Inc. DVC Worldwide, Inc. engages in the development, execution, management, and tracking of integrated programs across various marketing disciplines and creative media. It offers various services, including promotional marketing, customer and comarketing, experiential marketing, public relations, advertising, digital marketing, partnership and sponsorship marketing, direct and customer relationship management marketing, and consumer and marketing research. DVC Worldwide, Inc. is based in Morristown, New Jersey.

Sell -