M&A Deal Summary

Cyrte Investments and Goldman Sachs Merchant Banking Acquire Endemol UK

On May 14, 2007, private equity firms Cyrte Investments and Goldman Sachs Merchant Banking acquired media company Endemol UK for 3.4B USD

Acquisition Highlights
  • This is Cyrte Investments’ 1st and Goldman Sachs Merchant Banking’s 4th transaction in the Media sector.
  • This is Cyrte Investments’ and Goldman Sachs Merchant Banking’s 16th largest (disclosed) transaction.
  • This is Cyrte Investments’ 1st and Goldman Sachs Merchant Banking’s 2nd transaction in the United Kingdom.
Investment Fate
  • Endemol UK was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 2007-05-14
Target Endemol UK
Sector Media
Buyer(s) Cyrte Investments
Goldman Sachs Merchant Banking
Deal Type Divestiture
Deal Value 3.4B USD

Target

Endemol UK

London, United Kingdom
Endemol UK Ltd. is an independent television and digital production company in the world. It comprises a global network of more than 80 companies in 31 countries including the USA, the UK, Spain, Italy, France, Germany and the Netherlands, as well as Latin America, India, South Africa and Australia.

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Buyer(S) 2

Buyer

Cyrte Investments

Amsterdam, Netherlands
Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Cyrte Private Equity is the private equity group of Dutch investment firm Cyrte Investments. Cyrte PE invests in the UK, US, and Western Europe and targets businesses in a state of change. Cyrte generally seeks businesses valued between €50 and €300 million. Sectors of interest include media, entertainment, telecommunication, and technology. The Group will consider a variety of transaction situations including sales of family-owned businesses, divestments of non-core businesses, take privates, and management teams looking for a financial partner. Cyrte Private Equity was established in 2000 and is based in Amsterdam.

DEAL STATS #
Overall 2 of 6
Sector (Media) 1 of 3
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-27 Versatel AG

Berlin, Germany

Versatel AG is a provider of infrastructure based telecommunications services in the German market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Exclusive Media Group Holdings

Naarden, Netherlands

Exclusive Media is a vertically integrated global film entertainment company, founded in May 2008 with the backing of the strategic investment group Cyrte Investments. Exclusive Media develops, finances, produces, markets and distributes prestige and talent driven commercial and documentary feature films on a global basis.

Buy -
Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 42 of 183
Sector (Media) 4 of 6
Type (Divestiture) 5 of 12
Country (United Kingdom) 2 of 10
Year (2007) 8 of 21
Size (of disclosed) 16 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-22 RGIS

Auburn Hills, Michigan, United States

RGIS is a provider of inventory counting and related services for retailers, including the supermarket, general merchandise, apparel, home improvement, and drug store segments. RGIS was founded in 1958 and is based in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-20 Alltel

Little Rock, Arkansas, United States

Alltel Corp. is an owner and operator of a wireless network and has approximately 12 million wireless customers, both individuals and businesses. Alltel owns a majority interest in wireless operations in more than 100 metropolitan service areas and a majority interest in more than 200 rural service areas.

Buy $27.5B
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