M&A Deal Summary

Eros Media World Acquires STX Entertainment

On April 17, 2020, Eros Media World acquired media company STX Entertainment from TPG and Hony Capital

Acquisition Highlights
  • This is Eros Media World’s 2nd transaction in the Media sector.
  • This is Eros Media World’s 1st transaction in the United States.
  • This is Eros Media World’s 1st transaction in California.

M&A Deal Summary
Date 2020-04-17
Target STX Entertainment
Sector Media
Buyer(s) Eros Media World
Sellers(s) TPG
Hony Capital
Deal Type Add-on Acquisition
Advisor(s) PJT Partners, Inc. (Financial)
Kirkland & Ellis (Legal)

Target

STX Entertainment

Burbank, California, United States
STX Entertainment is a fully integrated, diversified, global media company designed from inception to unlock value from the 21st century’s changing media landscape. STX specializes in the development, production, marketing, and distribution of talent-driven films, television, and digital media content, with a unique ability to maximize the impact of content across worldwide, multiplatform distribution channels, including unparalleled global capabilities and direct passage into the China market. STX Entertainment was founded in 2014 and is based in Burbank, California.

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Buyer(S) 1

Buyer

Eros Media World

Isle Of Man, United Kingdom
Category Company
Founded 2011
Sector Media
Employees396
Revenue 155M USD (2020)
DESCRIPTION

Eros Media World is a global company in the film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International and STX Entertainment have combined to form Eros STX Global Corp. Eros Media World Global was incorporated in 2011 and is based in Isle Of Man, United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Media) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Puja Entertainment & Films

Mumbai, India

Puja Entertainment & Films Ltd. is a production house that owns library of films with great franchise value.

Buy -

Seller(S) 2

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 211 of 267
Sector (Media) 3 of 6
Type (Add-on Acquisition) 76 of 94
State (California) 50 of 63
Country (United States) 152 of 193
Year (2020) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 CollabNet

Alpharetta, Georgia, United States

CollabNet is a provider of collaborative software development and delivery solutions. CollabNet provides a suite of tools that allow software developers at companies of all sizes to more effectively collaborate on projects and manage the software development process. CollabNet was founded in 1999 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Jio

Navi Mumbai, India

Jio is a next-generation technology platform focused on providing high-quality and affordable digital services across India. Jio was formed in 2019 and is based in Navi Mumbai, India.

Buy -
SELLER

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hony Capital (Beijing) Co., Ltd. is a private equity firm focused on investment opportunities across China. The Firm targets buyouts and commercializations of Chinese state-owned enterprises as well as growth capital investments in rapidly-growing private Chinese companies. Hony's primary focus is within the construction materials, pharmaceuticals, construction machinery, retail, and consumer goods sectors, however, the firm will also consider opportunities in media/entertainment, financial services, energy, and resources. Hony is a long-term investor and is sponsored by Legend Holdings, parent of computer maker Lenovo amongst other properties. Hony Capital is located in Beijing, China.

DEAL STATS #
Overall 10 of 12
Sector (Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 3 of 4
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Phoenix Publishing & Media

Nanjing, China

Phoenix Publishing & Media(PPM) is specialized in book distribution. Phoenix Publishing & Media(PPM) was founded in 1953 and is based in Nanjing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-15 Playtika

Herzliya Pituach, Israel

Playtika, headquartered in Israel with additional studios and offices in Argentina, Australia, Belarus, Canada, Japan, Romania, Ukraine and the United States, is a global social and mobile free-to-play games company. Playtika was formed in 2010 and is based in Herzliya Pituach, Israel.

Sell -
Mergr

Product

Company

Legal