M&A Deal Summary

EagleTree Capital, HighVista Strategies and Ontario Pension Board Acquire ALM Media

On June 4, 2014, private equity firm EagleTree Capital, HighVista Strategies and Ontario Pension Board acquired media company ALM Media from Apax

Acquisition Highlights
  • This is EagleTree Capital’s 7th, HighVista Strategies’ 1st and Ontario Pension Board’s 1st transaction in the Media sector.
  • This is EagleTree Capital’s 22nd, HighVista Strategies’ 1st and Ontario Pension Board’s 1st transaction in the United States.
  • This is EagleTree Capital’s 8th, HighVista Strategies’ 1st and Ontario Pension Board’s 1st transaction in New York.

M&A Deal Summary
Date 2014-06-04
Target ALM Media
Sector Media
Buyer(s) EagleTree Capital
HighVista Strategies
Ontario Pension Board
Sellers(s) Apax
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Simpson Thacher & Bartlett (Legal)

Target

ALM Media

New York, New York, United States
ALM Media is a content and information services business, providing subscription-based, must-have news, insights, data, and analyses to legal, insurance, finance, commercial real estate, consulting, and business professionals. ALM’s premier brands, such as The American Lawyer, National Law Journal, New York Law Journal, ThinkAdvisor, Judy Diamond, Kennedy Consulting, and Real Estate Media provide critical, timely, and unique information to users regionally, nationally and internationally. ALM Media was founded in 1998 and is based in New York City.

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Buyer(S) 3

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.

DEAL STATS #
Overall 24 of 46
Sector (Media) 7 of 9
Type (Secondary Buyout) 4 of 14
State (New York) 8 of 9
Country (United States) 22 of 44
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 RBmedia

Landover, Maryland, United States

RBmedia is a provider in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content and information – including audiobooks, educational courses, entertainment titles, and much more. RBmedia is based in Landover, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 So Delicious Dairy Free

Eugene, Oregon, United States

So Delicious Dairy Free is a provider of consumers with the broadest selection of delicious alternatives to dairy-based foods and beverages. So Delicious Dairy Free products are proud to offer truly delicious solutions across numerous categories for people with special dietary needs and desires.

Sell $195M
Buyer

HighVista Strategies

Boston, Massachusetts, United States
Category Company
Sector Financial Services
DESCRIPTION

HighVista Strategies LLC is a privately owned hedge fund sponsor.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Buyer

Ontario Pension Board

Toronto, Ontario, Canada
Category Company
Sector Financial Services
DESCRIPTION

Ontario Pension Board (OPB) is the administrator of the Public Service Pension Plan ("PSPP" or "the Plan") - a major defined benefit pension plan sponsored by the Government of Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-27 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Sell -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 95 of 172
Sector (Media) 6 of 7
Type (Secondary Buyout) 26 of 61
State (New York) 6 of 7
Country (United States) 37 of 64
Year (2014) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Genex

Wayne, Pennsylvania, United States

Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Advantage Solutions

Clayton, Missouri, United States

Advantage Solutions is a business solutions provider committed to driving growth for consumer goods manufacturers and retailers through winning insights and execution. Advantage’s data and technology-enabled omnichannel solutions including sales, retail merchandising, business intelligence, digital commerce, and a full suite of marketing services are designed to help brands and retailers across a broad range of channels drive consumer demand, increase sales and achieve operating efficiencies. Headquartered in Irvine, California, Advantage has offices throughout the United States and Canada and a presence in select markets throughout Africa, Asia, Australia and Europe. Advantage Solutions was founded in 1987 and is based in Clayton, Missouri.

Sell -
Mergr

Product

Company

Legal