Add-on Acquisition • Information Technology

Baker Capital Exits Medianet

On May 12, 2016, SOCAN invested in information technology company Medianet from Baker Capital

Investment Context
  • This is SOCAN’s 1st transaction in the Information Technology sector.
  • This is SOCAN’s 1st transaction in the United States.
  • This is SOCAN’s 1st transaction in Washington.

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Investment Summary

Date May 12, 2016
Target Medianet
Sector Information Technology
Investor(s) SOCAN
Sellers(s) Baker Capital
Deal Type Add-on Acquisition
Advisor(s) Headwaters MB (Financial)
Reitler Kailas & Rosenblatt (Legal)

Target Company

Medianet

Seattle, Washington, United States
Medianet is a provider of digital music technology platform offers an API and easy to use web compentnets that deliver a set of powerful music and media content capability including streams, downloads, media search.
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Investor Overview 1

Investor

SOCAN

Toronto, Ontario, Canada

Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

SOCAN (the Society of Composers, Authors and Music Publishers of Canada) is a provider of technological platform for international music creators and publishers.


Deal Context for Investor #
Overall 1 of 2
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 2
State: Washington 1 of 1
Country: United States 1 of 2
Year: 2016 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Audiam

New York, New York, United States

Audiam is a cloud based interactive streaming agency. It gets its music publishing members accurately paid from YouTube, Spotify, Apple Music, Google Play, Rhapsody, Beats, Amazon Prime, Mood Music, TouchTunes and other interactive streaming services.

Buy -

Seller Profile 1

SELLER

Baker Capital

New York, New York, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baker Capital is a specialist private equity firm focused on the opportunity in the communications industry created by deregulation, new technology, and growth of the internet. Baker looks for investments in communications equipment, services, and applications providers. Baker prefers to exit investments within 5 years. Baker Capital was formed in 1995 and is based in New York City.


Deal Context for Seller #
Overall 17 of 17
Sector: Information Technology 6 of 6
Type: Add-on Acquisition 12 of 12
State: Washington 2 of 2
Country: United States 11 of 11
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 ParStream

Cologne, Germany

ParStream provides an analytics database that allows companies to analyze large amounts of data and store it in near real time anywhere in the network.

Sell -