M&A Deal Summary

Eos, DAG Private Equity, M/C Partners and Olympus Partners Acquire FrontierVision Partners

On January 1, 1995, asset manager Eos, private equity firm DAG Private Equity, private equity firm M/C Partners and private equity firm Olympus Partners acquired communications company FrontierVision Partners for 123M USD

Acquisition Highlights
  • This is Eos’ 2nd, DAG Private Equity’s 1st, M/C Partners’ 4th and Olympus Partners’ 1st transaction in the Communications sector.
  • This is Eos’ , DAG Private Equity’s , M/C Partners’ 3rd and Olympus Partners’ 5th largest (disclosed) transaction.
  • This is Eos’ 2nd, DAG Private Equity’s 4th, M/C Partners’ 4th and Olympus Partners’ 3rd transaction in the United States.
  • This is Eos’ 1st, DAG Private Equity’s 1st, M/C Partners’ 1st and Olympus Partners’ 1st transaction in Colorado.
Investment Fate
  • FrontierVision Partners was sold to a strategic buyer in 1999 for 2.1B USD.

M&A Deal Summary
Date 1995-01-01
Target FrontierVision Partners
Sector Communications
Buyer(s) Eos
DAG Private Equity
M/C Partners
Olympus Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 123M USD

Target

FrontierVision Partners

Denver, Colorado, United States
FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine.

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Buyer(S) 4

Buyer

Eos

New York, New York, United States
Category Asset Manager
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eos is an investment firm with strategies covering private equity, public equity, and credit markets. The Firm targets businesses generating sales of $25 to $500 million and EBITDA of $5 to $50 million. Eos invests in businesses under-going ownership changes, divestitures, management buyouts or and recapitalizations. The Firm invests up to $100 million per transaction. Target sectors include business/outsourced services, alternative media/marketing, healthcare services, transportation/logistics, infrastructure/environmental services, energy, and financial services. Eos was formed in 1994 and is based in New York City.

DEAL STATS #
Overall 2 of 41
Sector (Communications) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 19
State (Colorado) 1 of 2
Country (United States) 2 of 41
Year (1995) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Mark Twain Cablevision

Wabasha, Missouri, United States

Mark Twain Cablevision is a consolidator and operator of cable television systems in Rural U.S. markets. Mark Twain Cablevision back Fanch Communications, a leading cable television operator, in acquiring five rural cable systems serving over 43,000 subscribers in six states.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 DTS

Calabasas, California, United States

DTS, Inc. is a provider of sound solutions for mobile devices, home theater systems, cinema, and automotive. DTS provides incredibly high-quality, immersive and engaging audio experiences to listeners everywhere.

Buy -
Buyer

DAG Private Equity

San Francisco, California, United States

Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

DAG Private Equity (“DAG PE”) is an private equity arm of Duff Ackerman & Goodrich LLC (DAG). DAG Private Equity invests its equity capital with strong management teams focused on building companies in well-defined, growing market niches in select industry segments – specialty manufacturing, communications, media, and information technology. DAG Private Equity was formed in 1991 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 17
Sector (Communications) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 4 of 15
State (Colorado) 1 of 1
Country (United States) 4 of 16
Year (1995) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Data Securities International

Irving, Texas, United States

Data Securities International, Inc. (DSI), which was the leading provider of professionally-managed software escrow services in the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 The Burke Group

Atlanta, Georgia, United States

In 1996, DAG acquired The Burke Group which manufactured hardware and chemicals used in concrete construction. The company's cash flow went from negative to positive and the company was sold to MMI Products in 1998 for cash.

Buy -
Buyer

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.

DEAL STATS #
Overall 4 of 51
Sector (Communications) 4 of 31
Type (Buyout (LBO, MBO, MBI)) 3 of 20
State (Colorado) 1 of 3
Country (United States) 4 of 44
Year (1995) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Western Wireless

Issaquah, Washington, United States

Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 TeleCorp Wireless

Arlington, Virginia, United States

TeleCorp Wireless, Inc. provides digital wireless personal communications services to a licensed service area.

Buy -
Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 3 of 53
Sector (Communications) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 12
State (Colorado) 1 of 1
Country (United States) 3 of 51
Year (1995) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Eldorado Bancshares

Laguna Hills, California, United States

Eldorado Bancshares, Inc. is a company offers a broad range of commercial banking products and services to small and medium-sized businesses and retail customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-05-01 New Vision Television

Atlanta, Georgia, United States

New Vision Television is an owner/operator of network television affiliates. The stations are diversified along both geographic lines and network affiliations. All of its stations rank #1 or #2 in ratings in their markets.

Sell -
Mergr

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