M&A Deal Summary

Downtown Music Acquires AVL Digital Group

On March 27, 2019, Downtown Music acquired media company AVL Digital Group from Farragut Capital Partners, Stephens Capital Partners and Triangle Capital

Acquisition Highlights
  • This is Downtown Music’s 2nd transaction in the Media sector.
  • This is Downtown Music’s 1st transaction in the United States.
  • This is Downtown Music’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-03-27
Target AVL Digital Group
Sector Media
Buyer(s) Downtown Music
Sellers(s) Farragut Capital Partners
Stephens Capital Partners
Triangle Capital
Deal Type Add-on Acquisition
Advisor(s) Stephens (Financial)

Target

AVL Digital Group

Pennsauken, New Jersey, United States
AVL Digital Group is a provider of value-added creative, production, marketing, distribution, website hosting, digital aggregation, and artist revenue management products and services used by independent artists and authors. AVL Digital Group was formed in 1946 and is based in Pennsauken, New Jersey.

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Buyer(S) 1

Buyer

Downtown Music

New York, New York, United States

Category Company
Founded 2005
Sector Media
DESCRIPTION

Downtown Music is an independent record label and music publishing company formed by two veteran music industry executives. Downtown Music was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Eagle-i Music

London, United Kingdom

Eagle-i Music Ltd. is a independent music publishing company .

Buy -

Seller(S) 3

SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 19 of 25
Sector (Media) 2 of 2
Type (Add-on Acquisition) 8 of 11
State (New Jersey) 1 of 1
Country (United States) 19 of 25
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 MajorKey Technologies

Oakbrook Terrace, Illinois, United States

MajorKey Technologies identity security partner to public- and private-sector clients, focused on securing access and improving governance to business-critical applications, cloud, and data resources. MajorKey Technologies was founded in 1998 and is based in Oakbrook Terrace, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Eastern Metal Building Products

Montgomery, Alabama, United States

Eastern Metal Building Products is a full line lightweight steel framing manufacturer and fabricator, serving the Eastern USA market. Eastern Metal Building Products is based in Montgomery, Alabama.

Buy -
SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.


DEAL STATS #
Overall 32 of 40
Sector (Media) 3 of 4
Type (Add-on Acquisition) 15 of 19
State (New Jersey) 1 of 1
Country (United States) 31 of 39
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Gandi

Paris, France

Gandi is an internet registrar. It provides domain names registration and management, web hosting services, cloud, as well as web security services, with over two million domain names serviced in Europe, the US and Asia. Gandi was founded in 1999 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Pioneer Lines

Greenwood, Colorado, United States

Pioneer Lines is a railroad holding company operating 15 short-line railroads across 12 states, from BRX Transportation Holdings. Pioneer Lines is based in Greenwood, Colorado.

Buy -
SELLER

Triangle Capital

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 63 of 72
Sector (Media) 2 of 2
Type (Add-on Acquisition) 32 of 35
State (New Jersey) 2 of 2
Country (United States) 62 of 71
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Orchid

Vero Beach, Florida, United States

Orchid is a managing general underwriter providing specialty property and casualty insurance products to homeowners, high net worth individuals and small businesses, primarily in coastal regions throughout the U.S. and the Caribbean. Orchid provides proprietary insurance solutions for hard-to-place risks to a growing, national network of retail agents and other strategic distribution partners. Orchid was founded in 1998 and is based in Vero Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Capital Contractors

Melville, New York, United States

Capital Contractors, Inc. is a provider of janitorial and facilities maintenance services in North America. CCI maintains thousands of facilities and has been successfully serving customers for more than 75 years. Capital Contractors was formed in 1932 and is based in Melville, New York.

Sell -