M&A Deal Summary

Enhanced Capital Partners and VSS Capital Partners Acquire Southern Theaters

On May 22, 2005, private equity firms Enhanced Capital Partners and VSS Capital Partners acquired consumer services company Southern Theaters for 30M USD

Acquisition Highlights
  • This is Enhanced Capital Partners’ 2nd and VSS Capital Partners’ 1st transaction in the Consumer Services sector.
  • This is Enhanced Capital Partners’ 2nd and VSS Capital Partners’ 5th largest (disclosed) transaction.
  • This is Enhanced Capital Partners’ 13th and VSS Capital Partners’ 27th transaction in the United States.
  • This is Enhanced Capital Partners’ 2nd and VSS Capital Partners’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2005-05-22
Target Southern Theaters
Sector Consumer Services
Buyer(s) Enhanced Capital Partners
VSS Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 30M USD

Target

Southern Theaters

New Orleans, Louisiana, United States
Southern Theatres develops and operates multiplex, stadium-seating movie theaters in small-to-midsized markets across the southeastern United States. Southern Theatres operates 36 locations with 433 screens in Alabama, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Texas and Virginia.

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Buyer(S) 2

Buyer

Enhanced Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.

DEAL STATS #
Overall 13 of 48
Sector (Consumer Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 12
State (Louisiana) 2 of 3
Country (United States) 13 of 48
Year (2005) 2 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-09 Emageon

Birmingham,, Alabama, United States

Emageon, Inc. provides information technology systems for hospitals, healthcare networks, and imaging facilities in the United States. The company offers IT solutions to manage medical image storage and distribution, provider radiology, cardiology and visualization, and manage workflow and medical content management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-23 eBidenergy

West Henrietta, New York, United States

eBidenergy is a facilitator of online data acquisition, data analysis and energy procurement for commercial and industrial businesses and channel partners seeking to add value to their already existing customer base. Services enable end users to manage energy consumption while reducing costs.

Sell -
Buyer

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.

DEAL STATS #
Overall 33 of 96
Sector (Consumer Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 30 of 50
State (Louisiana) 1 of 1
Country (United States) 27 of 76
Year (2005) 3 of 7
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-04 Schofield Media Group

Chicago, Illinois, United States

Schofield Media Group is a publisher of 15 business-to-business controlled circulation magazines in the U.S., and U.K. Schofield's magazines cover industry areas such as manufacturing and services, general business, food service, construction, design and healthcare. The funds from the Mezzanine Fund investment were used for Schofield's acquisition of four business-to-business magazines from VNU Business Media Inc.: Restaurant Business; Food Service Network; Retail Merchandiser; and Beverage World

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-26 Hanley Wood

Washington, District of Columbia, United States

Hanley Wood is a media and information company serving the housing and commercial design and construction industries. Hanley Wood provides magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions. Hanley Wood was founded in 1976 and is based in Washington. District of Columbia.

Sell $650M
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