M&A Deal Summary |
|
|---|---|
| Date | 2014-03-20 |
| Target | GateHouse Media |
| Sector | Media |
| Buyer(s) |
Crystal Capital
Gannett |
| Sellers(s) | Fortress |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 32 |
| Sector (Media) | 2 of 2 |
| Type (Divestiture) | 3 of 3 |
| State (New York) | 3 of 3 |
| Country (United States) | 26 of 27 |
| Year (2014) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-06 |
Silver Airways
Hollywood, Florida, United States Silver Airways is a regional air carrier that operates over 125 scheduled flights per day under a principal code share and alliance agreement with Continental Airlines, United Airlines and Copa Airlines of Panama. Silver Airways is based in Hollywood, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-08 |
MegaPath
Costa Mesa, California, United States MegaPath provides fully managed IP-based Virtual Private Network connectivity solutions over both the public Internet and its private network. MegaPath was formed in 1996 and is based in Costa Mesa, California. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Publishing |
| Employees | 12,800 |
| Revenue | 2.7B USD (2023) |
Gannett is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. With unmatched reach at the national and local level, Gannett touches the lives of millions with its Pulitzer-Prize winning content consumer experiences and benefits, and advertiser products and services. The company's portfolio includes the USA TODAY, local media organizations in 46 states in the U.S., and Newsquest, a wholly-owned subsidiary with over 120 local media brands operating in the United Kingdom. Gannett also owns the digital marketing services companies ReachLocal, Inc., UpCurve, Inc., and WordStream, Inc. and runs the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Gannett was founded in 1997 and is based in McLean, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 16 |
| Sector (Media) | 2 of 7 |
| Type (Divestiture) | 1 of 6 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 16 |
| Year (2014) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-28 |
Hesperia Star
Hesperia, California, United States Hesperia Star is a media based company publishes a weekly newspaper and offers a news in the areas of elections, local activities, local videos, sports, opinions, casinos and education. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-02 |
The Progress-Index
Petersburg, Virginia, United States
|
Buy | $15M |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 44.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 25 |
| Sector (Media) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (New York) | 1 of 1 |
| Country (United States) | 13 of 18 |
| Year (2014) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-31 |
Intrawest
Denver, Colorado, United States Intrawest is a North American mountain resort and adventure company that delivers vacation and travel experiences. Intrawest owns interests in seven four-season mountain resorts geographically diversified across North America’s major ski regions with more than 11,000 skiable acres and over 1,140 acres of land available for real estate development. Intrawest also operates an adventure travel business, a heli-skiing adventure company in North America that provides helicopter accessed skiing, mountaineering, and hiking. Intrawest was founded in 1976 and is based in Denver, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-24 |
On The Border Mexican Grill & Cantina
Irving, Texas, United States On The Border is the largest full-service Mexican restaurant brand in the country, offering a wide variety of Mexican favorites, with a focus on fresh, signature and value-oriented dishes, complemented by a full offering of alcoholic and non-alcoholic beverages. On The Border currently owns and operates 121 units across the U.S. The brand also franchises 36 units across the U.S., Puerto Rico, Saudi Arabia, and South Korea. On The Border Mexican Grill & Cantina was founded in 1982 and is based in Irving, Texas. |
Buy | - |
