M&A Deal Summary

Biglari Acquires Alpha Media Group

On February 27, 2014, Biglari acquired publishing company Alpha Media Group from Cerberus Capital Management

Acquisition Highlights
  • This is Biglari’s 2nd transaction in the Publishing sector.
  • This is Biglari’s 3rd transaction in the United States.
  • This is Biglari’s 2nd transaction in New York.

M&A Deal Summary
Date 2014-02-27
Target Alpha Media Group
Sector Publishing
Buyer(s) Biglari
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition

Target

Alpha Media Group

New York, New York, United States
Alpha Media Group Inc. is a multimedia company and publisher of MAXIM, the largest young men’s lifestyle brand in America, which reaches nearly 9 million readers each month. MAXIM Digital reaches more than 4 million unique viewers each month. MAXIM magazine publishes 16 editions, sold in 75 countries worldwide.

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Buyer(S) 1

Buyer

Biglari

San Antonio, Texas, United States
Category Company
Founded 1934
Sector Diversified
Employees2,466
Revenue 365M USD (2023)
DESCRIPTION

Biglari is a holding company owning subsidiaries engaged in a number of diverse business activities, including media, property and casualty insurance, and restaurants. Biglari was incorporated in 1934 and is headquartered in San Antonio, Texas.

DEAL STATS #
Overall 3 of 6
Sector (Publishing) 2 of 2
Type (Add-on Acquisition) 3 of 6
State (New York) 2 of 2
Country (United States) 3 of 6
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 Maxim

New York, New York, United States

Maxim, Inc. is a publisher and distributor of music and men's lifestyle magazines in the United States and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-19 First Guard Insurance

Venice, Florida, United States

First Guard Insurance Co. is a direct underwriter of commercial trucking insurance selling physical damage and nontrucking liability insurance to truckers.

Buy -

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 23 of 54
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 11 of 27
State (New York) 3 of 4
Country (United States) 16 of 36
Year (2014) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-17 Kokusai Kogyo KK

Tokyo, Japan

Headquartered in Tokyo, Japan, Kokusai Kogyo provides bus transportation and taxi services mainly in Tokyo and Saitama regions. The company also operates hotels, golf courses and other leisure-related businesses including properties in Tokyo, Hawaii and San Francisco.

Sell ¥130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Ally

Detroit, Michigan, United States

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

Sell -
Mergr

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