Investment Summary

Geolo Capital and Oak Hill Capital Invest In Local TV

On December 22, 2007, private equity firms Geolo Capital and Oak Hill Capital invested in media company Local TV for 1.1B USD

Investment Highlights
  • This is Geolo Capital’s 1st and Oak Hill Capital’s 1st transaction in the Media sector.
  • This is Geolo Capital’s and Oak Hill Capital’s 4th largest (disclosed) transaction.
  • This is Geolo Capital’s 3rd and Oak Hill Capital’s 27th transaction in the United States.
  • This is Geolo Capital’s 1st and Oak Hill Capital’s 2nd transaction in Kentucky.
Investment Fate
  • Local TV was sold to a strategic buyer in 2013 for 2.7B USD.

Investment Summary

Date 2007-12-22
Target Local TV
Sector Media
Investor(s) Geolo Capital
Oak Hill Capital
Deal Type Stake Purchase
Deal Value 1.1B USD

Target

Local TV

Ft. Wright, Kentucky, United States
Local TV is a major new platform of broadcast TV stations created by merging nine TV stations acquired from the New York Times Broadcast Media Group with eight TV stations acquired from News Corporation in July 2008.

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Investor(S) 2

Investor

Geolo Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Geolo Capital is the private equity investment arm of The John A. Pritzker family. Geolo specializes in growth capital and buyout investments in middle market companies throughout the US. Areas of interests include hospitality, entertainment, health/wellness, and consumer products/services. Geolo Capital is based in San Francisco.


DEAL STATS #
Overall 3 of 7
Sector (Media) 1 of 1
Type (Stake Purchase) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 3 of 7
Year (2007) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-07 ClubCorp Holdings

Dallas, Texas, United States

ClubCorp Holdings owns and operates golf, country, business, sports, and alumni clubs. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. ClubCorp Holdings was founded in 1957 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Brand Connections

New York, New York, United States

Brand Connections creates and executes digitally integrated marketing campaigns that enhance brand awareness, influence consumers on their path-to-purchase, and increase sales for consumer packaged goods (CPG) brands and national retailers. The company is retail-centric and digitally savvy across all divisions, fulfilling the needs of its clients through its full suite of in-house capabilities, including a strong focus on retail and shopper in-store marketing programs, sampling and fulfillment services, digital media, digital consumer promotions, and experiential solutions, among other services.

Sell -
Investor

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 32 of 76
Sector (Media) 1 of 1
Type (Stake Purchase) 2 of 5
State (Kentucky) 2 of 2
Country (United States) 27 of 69
Year (2007) 7 of 8
Size (of disclosed) 4 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-10 Firth Rixson

Sheffield, United Kingdom

Firth Rixson Ltd. is a supplier of highly engineered rings, industrial forgings and specialized metal products primarily to aerospace engine manufacturers, headquartered in East Hartford, Connecticut and Sheffield, England.

Buy £945M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-26 Highway Technologies

Houston, Texas, United States

Highway Technologies, Inc. is a provider of traffic safety services and equipment for the road repair, construction and maintenance industry.

Buy -