M&A Deal Summary

BET Interactive Acquires Soul Train Holdings

On April 4, 2016, BET Interactive acquired media company Soul Train Holdings from InterMedia Partners and MadVision Entertainment

Acquisition Highlights
  • This is BET Interactive’s 1st transaction in the Media sector.
  • This is BET Interactive’s 1st transaction in the United States.
  • This is BET Interactive’s 1st transaction in New York.

M&A Deal Summary

Date 2016-04-04
Target Soul Train Holdings
Sector Media
Buyer(s) BET Interactive
Sellers(s) InterMedia Partners
MadVision Entertainment
Deal Type Add-on Acquisition

Target

Soul Train Holdings

New York, New York, United States
Soul Train Holdings LLC is an owns the brand and all intellectual property associated with Soul Train including the entire Soul Train library. This totals more than 1,100 hours of R&B, soul, hip-hop, jazz, and gospel music artists.

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Buyer(S) 1

Buyer

BET Interactive

Washington, District of Columbia, United States

Category Company
Founded 1999
Sector Media
DESCRIPTION

BET Interactive LLC is a provider of quality entertainment, music, news and public affairs television programming for the African-American audience.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 2

SELLER

InterMedia Partners

New York, New York, United States

Category Private Equity Firm
Founded 1988
Size Small
Type Sector Focused
DESCRIPTION

InterMedia Partners is a specialist private equity firm that seeks investments in media and communications companies. Specific areas of interest include cable television, broadcast television, print, programming, and broadband opportunities. InterMedia targets situations requiring $50 to $100 million of equity capital. InterMedia Partners LP was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 7 of 8
Sector: Media M&A 6 of 7
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 3 of 3
Country: United States M&A 7 of 8
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Universal Sports Network

Santa Monica, California, United States

Universal Sports is a provider of live and on-demand coverage of world-class competitions, interaction with top athletes and in-depth access to sports news and information year-round on both television and online. Universal Sports Network was founded in 2004 and is based in Santa Monica, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Hemisphere Media Group

Coral Gables, Florida, United States

Hemisphere Media Group is an operator of media company targeting the high growth Hispanic TV/cable networks business. Hemisphere owns and operates: Cinelatino, the leading Spanish-language movie channel available in more than 12 million homes in the U.S., Latin America and Canada; WAPA Television, Puerto Rico's leading broadcast station with the highest primetime and full day ratings in Puerto Rico; and WAPA America, the leading cable network targeting Puerto Ricans and other Caribbean Hispanics living in the U.S., with over 5 million U.S. subscribers. Hemisphere Media Group was founded in 2013 and is based in Coral Gables, Florida.

Sell -
SELLER

MadVision Entertainment

Chappaqua, New York, United States

Category Company
Sector Media
DESCRIPTION

MadVision Entertainment, Inc. is a mutimedia company.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Soul Train Holdings

New York, New York, United States

Soul Train Holdings LLC is an owns the brand and all intellectual property associated with Soul Train including the entire Soul Train library. This totals more than 1,100 hours of R&B, soul, hip-hop, jazz, and gospel music artists.

Buy -