M&A Deal Summary

Fortress, Soros Fund Management and Monroe Capital Acquire Vice Media

On July 31, 2023, asset manager Fortress, family office Soros Fund Management and lender Monroe Capital acquired media company Vice Media

Acquisition Highlights
  • This is Fortress’ 2nd, Soros Fund Management’s 1st and Monroe Capital’s 4th transaction in the Media sector.
  • This is Fortress’ 33rd, Soros Fund Management’s 3rd and Monroe Capital’s 97th transaction in the United States.
  • This is Fortress’ 4th, Soros Fund Management’s 2nd and Monroe Capital’s 6th transaction in New York.

M&A Deal Summary
Date 2023-07-31
Target Vice Media
Sector Media
Buyer(s) Fortress
Soros Fund Management
Monroe Capital
Deal Type Special Situations/Distressed

Target

Vice Media

Brooklyn, New York, United States
Vice Media office in Amsterdam, the Netherlands.
Vice Media office in Amsterdam, the Netherlands.
Vice Media is a media company that engages in print, event, music, online, television (TV), and feature film business activities in the United States and internationally. Vice Media was founded in 1994 and is based in Brooklyn, New York.

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Buyer(S) 3

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 STATS #
Overall 44 of 47
Sector (Media) 2 of 2
Type (Special Situations/Distressed) 7 of 7
State (New York) 4 of 4
Country (United States) 33 of 34
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Sogo & Seibu

Tokyo, Japan

Sogo & Seibu is a Japanese retailer that operates two department store brands; Sogo, and Seibu. The Company sells a variety of household goods and other products. Sogo & Seibu was formed in 2009 and is based in Tokyo, Japan.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Texas Hydraulics

Temple, Texas, United States

Texas Hydraulics is a manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications. The Company provides front-end design solutions for the most challenging hydraulic cylinder, swivel, and related applications. Texas Hydraulics uses its technical expertise related to valve integration, position sensing technology, large bore and long stroke cylinder manufacturing to provide a differentiated value proposition to its customers. Texas Hydraulics was founded in 1968 and is based in Temple, Texas.

Buy -
Buyer

Soros Fund Management

Category Family Office
Founded 1970
Size Large
Type Sector Agnostic
DESCRIPTION

Soros Fund Management is the family office for George Soros. The Firm invests in a wide range of securities including public equity and fixed income, as well as foreign exchange, commodities and direct investments. Soros Fund Management was formed in 1970 and is headquartered in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Media) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (New York) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Behalf

New York, New York, United States

Behalf is an alternative financing provider for American small and medium-sized businesses. Behalf was formed in 2011 and is based in New York City.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 98 of 115
Sector (Media) 4 of 4
Type (Special Situations/Distressed) 2 of 2
State (New York) 6 of 6
Country (United States) 97 of 114
Year (2023) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 MEI Rigging & Crating

Albany, Oregon, United States

MEI Rigging & Crating is a provider of machinery moving, millwrighting, installation, crating, and export packing services. MEI Rigging & Crating was founded in 1990 and is based in Albany, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Mitchell Gold + Bob Williams

Taylorsville, North Carolina, United States

Mitchell Gold + Bob Williams is a manufacturer of high-quality furniture in the U.S. The company's innovative and stylish products are sold in many of the country's specialty home furnishings retailers, catalog retailers, and the company's signature stores. Mitchell Gold + Bob Williams was founded in 1989 and is based in Taylorsville, North Carolina.

Sell -
Mergr

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