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M&A Deal Summary

beIN MEDIA GROUP Acquires Digiturk

On July 13, 2015, beIN MEDIA GROUP acquired media company Digiturk from Providence Equity Partners and Turkven

Acquisition Highlights
  • This is beIN MEDIA GROUP’s 1st transaction in the Media sector.
  • This is beIN MEDIA GROUP’s 1st transaction in Turkey.

M&A Deal Summary
Date 2015-07-13
Target Digiturk
Sector Media
Buyer(s) beIN MEDIA GROUP
Sellers(s) Providence Equity Partners
Turkven
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

beIN MEDIA GROUP

Doha, Qatar
Category Company
Founded 2003
Sector Media
DESCRIPTION

beIN MEDIA GROUP LLC operates as a sports channel.

DEAL STATS #
Overall 1 of 2
Sector: Media M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Turkey M&A 1 of 1
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Miramax

Santa Monica, California, United States

Miramax LLC is a producer and distributor of films and television series in United States and internationally.

Buy -

Seller(S) 2

SELLER

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 50 of 102
Sector: Media M&A 13 of 23
Type: Add-on Acquisition M&A Deals 24 of 41
Country: Turkey M&A 1 of 1
Year: 2015 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Lightcast

Boston, Massachusetts, United States

Lightcast is a provider of labor market analytics software that delivers real-time data and planning tools to educators, employers, and public sector constituents. Lightcast was founded in 1999 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Sell $9.1B
SELLER

Turkven

Istanbul, Turkey

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Turkven is an independent private equity firm targeting opportunities throughout Turkey. Turkven looks for situations requiring buyout, expansion and refinancing capital and will consider majority or minority investment positions. Prospective companies typically generate sales of $30 to $500 million. The Firm does not have any sector preferences. Turkven was formed in 2000 and is based in Istanbul.

DEAL STATS #
Overall 8 of 13
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Turkey M&A 8 of 13
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Migros Turk T.A.S

Istanbul, Turkey

Migros Turk T.A.S is a Turkish food retailer with a circa 22 % share of the organised food retail market. The group operates more than 900 stores, and is present in 55 cities throughout all seven Turkish regions, making it the only truly national food retailer in Turkey.

Sell €2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Mavi

Istanbul, Turkey

Mavi is a denim-centric casual wear company. Mavi's unique brand position with fashion-savvy, young adult customers and collaborates with top local and international celebrities in its marketing communications. Mavi was formed in 1991 and is based in Istanbul, Turkey.

Sell -
Mergr

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