M&A Deal Summary

Daily Mail and General Trust Acquires Genscape

On April 20, 2006, Daily Mail and General Trust acquired information services company Genscape from GFI Energy Ventures and Oaktree Capital Management for 130M USD

Acquisition Highlights
  • This is Daily Mail and General Trust’s 1st transaction in the Information Services sector.
  • This is Daily Mail and General Trust’s largest (disclosed) transaction.
  • This is Daily Mail and General Trust’s 3rd transaction in the United States.
  • This is Daily Mail and General Trust’s 1st transaction in Kentucky.
Investment Fate
  • Genscape was divested to a consortium of strategic buyers in 2019 for 364M USD.

M&A Deal Summary

Date 2006-04-20
Target Genscape
Sector Information Services
Buyer(s) Daily Mail and General Trust
Sellers(s) GFI Energy Ventures
Oaktree Capital Management
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

Genscape

Louisville, Kentucky, United States
Genscape, Inc. is a provider of energy information for commodity and financial markets. Genscape was founded in 1999 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Daily Mail and General Trust

London, United Kingdom

Category Company
Founded 1896
Sector Media
Employees5,950
Revenue 885M GBP (2021)
DESCRIPTION

DMGT is an international group quoted on the London Stock Exchange with a portfolio of market-leading digital, information, media and events businesses. Daily Mail and General Trust was founded in 1896 and is based in London, the United Kingdom.


DEAL STATS #
Overall 3 of 8
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Kentucky) 1 of 1
Country (United States) 3 of 5
Year (2006) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-04 International Fine Art Expositions

Miami,, Florida, United States

International Fine Art Expositions, which organises the prestigious Palm Beach International Art & Antique Fair, Art Palm Beach, the Palm Beach Town & Country International Exposition and the Texas International Fine Art Fair.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-27 Evanta

Portland, Oregon, United States

Evanta Inc. is a provider of immersive leadership development programs for high-potential executives also in partnership with MIT Sloan School of Management, University of Texas McCombs School of Business, University of Chicago Booth School of Business and UC Berkeley Haas School of Business.

Buy -

Seller(S) 2

SELLER

GFI Energy Ventures

Los Angeles, California, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

GFI Energy Ventures is a specialist private investment firm focused on businesses surrounding the energy industry. GFI generally looks to acquire a controlling or significant interest in private companies or business units of public companies. Energy sub-sectors of interest include power quality/power conversion; energy measurement and control; transmission and distribution optimization; and information systems/transaction support. GFI seeks opportunities with at least $50 million in revenue and valued up to $500 million. The Firm will not invest in start-ups, turnarounds, unproven technology, or investments requiring less than $30 million of equity capital. GFI Energy Ventures was formed in 1995 and is based in Los Angeles, California. GFI Energy Ventures was acquired by Oaktree Capital Management in 2009.


DEAL STATS #
Overall 9 of 30
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 6 of 18
State (Kentucky) 1 of 1
Country (United States) 7 of 28
Year (2006) 1 of 5
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-20 GT Advanced Technologies

Merrimack, New Hampshire, United States

GT Advanced Technologies manufactures SiC and sapphire materials for electric vehicles, high-power industrial motors, and telecom infrastructure applications. GT Advanced Technologies was founded in 1994 and is based in Merrimack, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Trans-Elect Development

Reston, Vermont, United States

Trans-Elect Development Co. LLC is an independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems.

Sell $866M
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 12 of 77
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 7 of 31
State (Kentucky) 1 of 1
Country (United States) 10 of 53
Year (2006) 1 of 6
Size (of disclosed) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-10 Senior Home Care

Clearwater, Florida, United States

Senior Home Care, Inc. is a home health agency offering skilled nursing, physical therapy, occupational therapy, home health aides and medical social services as part of our home health services. Senior Home Care was formed in 1994 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Trans-Elect Development

Reston, Vermont, United States

Trans-Elect Development Co. LLC is an independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems.

Sell $866M