M&A Deal Summary

Courtside Acquisition Acquires American Community Newspapers

On July 1, 2007, Courtside Acquisition acquired publishing company American Community Newspapers from Spire Capital Partners and Pamlico Capital

Acquisition Highlights
  • This is Courtside Acquisition’s 1st transaction in the Publishing sector.
  • This is Courtside Acquisition’s 1st transaction in the United States.
  • This is Courtside Acquisition’s 1st transaction in Virginia.

M&A Deal Summary
Date 2007-07-01
Target American Community Newspapers
Sector Publishing
Buyer(s) Courtside Acquisition
Sellers(s) Spire Capital Partners
Pamlico Capital
Deal Type Add-on Acquisition

Target

American Community Newspapers

Leesburg, Virginia, United States
American Community Newspapers LLC is a publisher of community newspapers, daily newspapers, a weekly shopper and business and specialty publications.

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Buyer(S) 1

Buyer

Courtside Acquisition

New York, New York, United States
Category Company
Sector Media
DESCRIPTION

Courtside Acquisition Corp. is a provider of media services.

DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 2

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 6 of 27
Sector (Publishing) 2 of 2
Type (Add-on Acquisition) 6 of 19
State (Virginia) 1 of 2
Country (United States) 5 of 26
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-23 Professional Bull Riders

Pueblo, Colorado, United States

Professional Bull Riders is a sports league franchise for the sport of bull riding. The Company is based in Pueblo, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Patriot Media and Communications

Greenwich, Connecticut, United States

Patriot Media and Communications LLC is a cable operator that focused on providing video (basic, premium, digital cable and video on demand), data (broadband Internet) and voice (VOIP) services.

Sell $483M
SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 11 of 61
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 4 of 32
State (Virginia) 2 of 2
Country (United States) 11 of 59
Year (2007) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-18 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-09 Constella Group

Durham, North Carolina, United States

Constella Group, Inc. is a professional health services company, dedicated to enhancing human health through innovative science, technology and knowledge solutions. Constella's three business units-Health Sciences, Clinical Informatics and Futures Group-create and provide health intelligence to help industry and government clients identify and solve critical problems affecting human health.

Sell -
Mergr

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