Investment Summary

BIA Digital Partners Invests In Centennial Broadcasting

On April 1, 2006, mezzanine finance firm BIA Digital Partners invested in media company Centennial Broadcasting

Investment Highlights
  • This is BIA Digital Partners’ 4th transaction in the Media sector.
  • This is BIA Digital Partners’ 17th transaction in the United States.
  • This is BIA Digital Partners’ 1st transaction in North Carolina.
Investment Fate
  • Centennial Broadcasting was recapitalized in 2009.

Investment Summary

Date 2006-04-01
Target Centennial Broadcasting
Sector Media
Investor(s) BIA Digital Partners
Deal Type Acquisition Financing

Target

Centennial Broadcasting

Clemmons, North Carolina, United States
Centennial owns and operates radio stations in southwestern Virginia. Formats include classic rock, oldies, and talk.

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Investor(S) 1

Investor

BIA Digital Partners

Chantilly, Virginia, United States

Category Mezzanine Finance Firm
Founded 1983
PE ASSETS 283M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BIA Digital Partners is a private investment firm focused on making junior capital investments in businesses serving the media/entertainment, telecommunications, information services, and business services sectors. The Firm has a special interest in companies generating a significant level of recurring revenue. BIA typically invests in businesses valued from $20 to $100 million and revenues $15 to $100 million. Investment proceeds are generally used to pursue organic growth opportunities, make acquisitions, fund management or leveraged buyouts, recapitlizations, and debt refinancings. BIA is licensed as a SBIC and is based in Chantilly, Virginia.


DEAL STATS #
Overall 17 of 33
Sector: Media M&A 4 of 7
Type: Acquisition Financing M&A Deals 1 of 1
State: North Carolina M&A 1 of 3
Country: United States M&A 17 of 33
Year: 2006 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-06 Destination Cinema

Ogden, Utah, United States

Destination Cinema is an independent operator of large format destination theaters in major tourist destinations around North America. The Company operates IMAX theaters in the following locations: Grand Canyon, Niagara Falls - NY State and Canada, Hearst Castle/San Simeon CA, Royal British Columbia Museum, and Myrtle Beach, SC. Each facility includes a primary theater attraction as well as food & beverage and retail operations. Destination Cinema is based in Ogden, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-05 Ariston Global

Pittsford, New York, United States

Ariston Global LLC is a provider of technology and software solutions to numerous enterprises for their communications infrastructure. Ariston Global offers online CRM applications, customer self-service applications, network management tools, data analytics applications and other data integration/network focused tools. Ariston Global was established in 2006 and is based in Pittsford, New York.

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