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  5. Benchmark Communications Radio Acquires Genesis Cable Communications

M&A Deal Summary

Benchmark Communications Radio Acquires Genesis Cable Communications

On June 1, 2004, Benchmark Communications Radio acquired media company Genesis Cable Communications from The Carlyle Group

Acquisition Highlights
  • This is Benchmark Communications Radio’s 1st transaction in the Media sector.
  • This is Benchmark Communications Radio’s 1st transaction in the United States.
  • This is Benchmark Communications Radio’s 1st transaction in Georgia.

M&A Deal Summary
Date 2004-06-01
Target Genesis Cable Communications
Sector Media
Buyer(s) Benchmark Communications Radio
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Genesis Cable Communications

Marietta, Georgia, United States
Genesis Cable Communications, L.L.C. was formed in 1996 to acquire, own, hold, operate and dispose of cable television systems in secondary and tertiary markets of the southeastern U.S. During Carlyle's ownership, the company acquired a total of 12 cable systems serving 50,700 subscribers in Florida, Georgia, Mississippi, North Carolina, Oklahoma and South Carolina.

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Buyer(S) 1

Buyer

Benchmark Communications Radio

Baltimore, Maryland, United States
Category Company
Sector Communications
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 33 of 488
Sector: Media M&A 1 of 12
Type: Add-on Acquisition M&A Deals 16 of 202
State: Georgia M&A 1 of 10
Country: United States M&A 25 of 261
Year: 2004 M&A 9 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-30 Núter Feed S.A.U.

A Coruña, Spain

Formed in 1965, Núter Feed S.A.U. is a producer and distributor of animal feed for cattle and animals based in A Coruña, Spain.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-15 Belden & Blake

Houston, Texas, United States

Belden & Blake Corp. is an independent energy company, engages in the exploitation, development, production, operation and acquisition of oil and natural gas properties. The company's operations are focused in the Appalachian Basin in Ohio, Pennsylvania and New York and in the Antrim Shale formation in the Michigan Basin.

Buy $350M
Mergr

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