Investment Summary

Hellman & Friedman Invests In Axel Springer

On October 9, 2003, private equity firm Hellman & Friedman invested in publishing company Axel Springer for 350M EUR

Investment Highlights
  • This is Hellman & Friedman’s 1st transaction in the Publishing sector.
  • This is Hellman & Friedman’s 37th largest (disclosed) transaction.
  • This is Hellman & Friedman’s 2nd transaction in Germany.
Investment Fate
  • Axel Springer was sold to a financial buyer in 2010.
  • Axel Springer was sold to a consortium of financial buyers in 2020.

Investment Summary

Date 2003-10-09
Target Axel Springer
Sector Publishing
Investor(s) Hellman & Friedman
Deal Type Stake Purchase
Deal Value 350M EUR

Target

Axel Springer

Berlin, Germany
Entrance to Axel Springer's corporate headquarters in Berlin.
Entrance to Axel Springer's corporate headquarters in Berlin.
Axel Springer is a publisher of newspapers and magazines. Axel Springer was founded in 1946 and is based in Berlin, Germany.

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Investor(S) 1

Investor

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 13 of 90
Sector: Publishing M&A 1 of 1
Type: Stake Purchase M&A Deals 7 of 13
Country: Germany M&A 2 of 5
Year: 2003 M&A 2 of 2
Size (of disclosed) 37 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-11 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The entertainment segment operates free TV stations, such as SAT.1, prosieben, kabel eins, sixx, SAT.1 gold, prosieben MAXX, and kabel eins doku, as well as distributes prosiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Texas Genco Holdings

Houston, Texas, United States

Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant.

Buy $3.7B