Investment Summary

Capital Group Private Markets Invests In ABS-CBN

On May 1, 2013, private equity firm Capital Group Private Markets invested in media company ABS-CBN

Investment Highlights
  • This is Capital Group Private Markets’ 1st transaction in the Media sector.
  • This is Capital Group Private Markets’ 1st transaction in Philippines.

Investment Summary

Date 2013-05-01
Target ABS-CBN
Sector Media
Investor(s) Capital Group Private Markets
Deal Type Growth Capital

Target

ABS-CBN

Quezon City, Philippines
ABS-CBN is a media and entertainment organization involved in television and radio. The company owns cinema and music production/distribution outfits in the country and operates the largest cable TV service provider as well. It also has business interests in merchandising, licensing, mobile and online multimedia services, publishing, video, and audio post-production, overseas telecommunication services, money remittance, cargo forwarding, TV shopping services, food and restaurant services, theme park development and management, and property management. ABS-CBN is based in Quezon City, Philippines.

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Investor(S) 1

Investor
DESCRIPTION

Capital Group Private Markets is the direct investment arm of asset manager Capital Group. Capital Group Private Markets pursues expansion stage company investments in emerging markets with a focus on companies that locally dominate their respective markets. Capital Group Private Markets generally seeks minority positions, but will consider select control situations as well. Capital Group Private Markets was formed in 1992 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 7 of 17
Sector: Media M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 4
Country: Philippines M&A 1 of 1
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Turchrome

Konak, Turkey

Turchrome is a producer of chrome ore which holds 26 chromite mining licenses. It produces two main products for export: saleable lumpy chrome ore and chrome concentrate. Turchrome is based in Konak, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Tanner

Santiago, Chile

Tanner is a non-banking financial institution, offering services through four principal business lines: domestic factoring, international factoring, auto financing, and leasing. It is focused on providing SMEs (small and medium-sized enterprises) with sources of secured financing for working capital purposes, as well as secured lending for individuals purchasing new or used vehicles. Tanner was formed in 1993 and is based in Santiago, Chile.

Buy -