Investment Summary

Catalyst Investors and The Blackstone Group Invest In Intermedia Partners Of Tennessee Lp

On April 1, 1998, venture capital firm Catalyst Investors and private equity firm The Blackstone Group invested in media company Intermedia Partners Of Tennessee Lp for 932M USD

Investment Highlights
  • This is Catalyst Investors’ 3rd and The Blackstone Group’s 2nd transaction in the Media sector.
  • This is Catalyst Investors’ and The Blackstone Group’s 94th largest (disclosed) transaction.
  • This is Catalyst Investors’ 13th and The Blackstone Group’s 25th transaction in the United States.
  • This is Catalyst Investors’ 2nd and The Blackstone Group’s 2nd transaction in Tennessee.

Investment Summary
Date 1998-04-01
Target Intermedia Partners Of Tennessee Lp
Sector Media
Investor(s) Catalyst Investors
The Blackstone Group
Deal Type Stake Purchase
Deal Value 932M USD

Target

Intermedia Partners Of Tennessee Lp

Knoxville, Tennessee, United States
Intermedia Partners Of Tennessee Lp is one of the ten largest cable multiple system operators.

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Investor(S) 2

Investor

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.

DEAL STATS #
Overall 13 of 53
Sector (Media) 3 of 4
Type (Stake Purchase) 2 of 4
State (Tennessee) 2 of 2
Country (United States) 13 of 51
Year (1998) 4 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-09 American Cellular corp.

Franklin, Tennessee, United States

American Cellular was one of the largest independent rural cellular telephone system operators in the U.S. The Company owned and operated non-wireline FCC-licensed cellular telephone systems primarily in rural areas of the Midwestern and Eastern portions of the U.S. American Cellular was acquired by a joint venture between AT&T and Dobson.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 Prime Communications

Washington, District of Columbia, United States

Prime Communications LLC is a provider of high quality, low cost VoIP (Voice over Internet Protocol) services for residential & business use.

Buy -
Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 29 of 336
Sector (Media) 2 of 14
Type (Stake Purchase) 16 of 49
State (Tennessee) 2 of 8
Country (United States) 25 of 211
Year (1998) 4 of 5
Size (of disclosed) 94 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-01 Imperial Home Decor Group

Cleveland, Ohio, United States

Imperial Home Décor manufactured residential wall coverings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-01 Vanguard Health Systems

Nashville, Tennessee, United States

Vanguard Health Systems, Inc. owns and operates acute care hospitals and complementary facilities. Since 1998, the company has acquired or developed 16 acute care hospitals with a total of 3,784 beds. In addition, the company owns a Medicaid health plan serving 94,600 members and a capitated health plan serving 47,600 members.

Buy -
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