Buyout (LBO, MBO, MBI) • Media

Fortress Acquires GateHouse Media

On June 1, 2005, asset manager Fortress acquired media company GateHouse Media for 530M USD

Acquisition Context

This is Fortress’ 1st transaction in the Media sector.
This is Fortress’ 14th largest (disclosed) transaction.
This is Fortress’ 10th transaction in the United States.
This is Fortress’ 1st transaction in New York.

Investment Fate

GateHouse Media was divested to a consortium of buyers in 2014.

Explore All 464 Buyout (LBO, MBO, MBI) Media Deals - Search the Database Free

M&A Deal Summary
Date	June 1, 2005
Target	GateHouse Media
Sector	Media
Buyer(s)	Fortress
Deal Type	Buyout (LBO, MBO, MBI)
Deal Value	530M USD

Target Company

GateHouse Media

Fairport, New York, United States

GateHouse Media, Inc. is one of the nation’s largest local media companies as measured by its daily publications.

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Buyer Overview 1

Buyer

Fortress

New York, New York, United States

Category	Asset Manager
Founded	1998
PE ASSETS	44.2B USD
Size	Mega
Type	Sector Agnostic

DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.

Deal Context for Buyer	#
Overall	14 of 49
Sector: Media	1 of 2
Type: Buyout (LBO, MBO, MBI)	6 of 13
State: New York	1 of 4
Country: United States	10 of 36
Year: 2005	3 of 3
Size (of disclosed)	14 of 21

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2005-02-01	S&B Surgery Centers Beverly Hills, California, United States Salus Surgical Group is focused exclusively on developing premium physician owned outpatient surgery facilities and boutique hospitals. The company develops state-of-the-art facilities with the best equipment, nursing, staffing and anesthesia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2005-02-01

S&B Surgery Centers

Beverly Hills, California, United States

Salus Surgical Group is focused exclusively on developing premium physician owned outpatient surgery facilities and boutique hospitals. The company develops state-of-the-art facilities with the best equipment, nursing, staffing and anesthesia.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2005-09-25	Simon Storage Redhill, United Kingdom Simon Storage is one of Europe's largest independent bulk liquid and gas infrastructure and service companies.	Sell	£120M

DATE

TARGET

DEAL TYPE

VALUE

2005-09-25

Simon Storage

Redhill, United Kingdom

Simon Storage is one of Europe's largest independent bulk liquid and gas infrastructure and service companies.

Sell

£120M

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