M&A Deal Summary

DirecPath Acquires Apartment MediaWorks

On October 31, 2006, DirecPath acquired media company Apartment MediaWorks from Jefferies Capital Partners

Acquisition Highlights
  • This is DirecPath’s 1st transaction in the Media sector.
  • This is DirecPath’s 1st transaction in the United States.
  • This is DirecPath’s 1st transaction in Georgia.

M&A Deal Summary
Date 2006-10-31
Target Apartment MediaWorks
Sector Media
Buyer(s) DirecPath
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition

Target

Apartment MediaWorks

Alpharetta, Georgia, United States
Apartment MediaWorks, LLC - provides private cable television service to residents of multi-dwelling units in the Southeastern United States.

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Buyer(S) 1

Buyer

DirecPath

Atlanta, Georgia, United States
Category Company
Founded 2006
Sector Communications
DESCRIPTION

DirecPath provides broadband Internet, VoIP, and DIRECTV to residents living in multifamily communities. DirecPath is a private cable operator is to provide customers living in multiple dwelling units (MDUs) with a triple play of video, voice and broadband data services on par with or better than? what is offered to customers living in single-family homes, and clearly superior to what is typically offered to MDU residents. DirecPath was formed in 2006 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Georgia) 1 of 2
Country (United States) 1 of 2
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Biltmore Communications

Atlanta, Georgia, United States

Biltmore Communications, Inc. is a provider of a digital services in the United States.

Buy -

Seller(S) 1

SELLER

Jefferies Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.

DEAL STATS #
Overall 19 of 28
Sector (Media) 1 of 1
Type (Add-on Acquisition) 11 of 17
State (Georgia) 1 of 1
Country (United States) 18 of 27
Year (2006) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 Telex Communications

Burnsville, Minnesota, United States

Telex Communications is a manufacturer and supplier of professional audio, wireless, life safety and communication equipment. The systems are installed in a wide range of applications, such as large stadiums and airport projects, where customers are increasingly asking for turnkey solutions combined with security systems.

Sell $420M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-10 Kinetek

Deerfield, Illinois, United States

Kinetek is a global manufacturing enterprise that provides custom engineered control, motor and drive system solutions for world class customers in the elevator/escalator, commercial floor care, material handling/aerial lift, commercial food equipment, golf car/utility vehicle, renewable energy and medical markets. Kinetek product lines include AC, DC and brushless DC electric motors, pumps, gearing, gearboxes, fans, transaxles, human machine interface products, and electronic controls/systems.

Buy -
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