M&A Deal Summary

IAC Acquires Entertainment Publications

On March 25, 2003, IAC acquired publishing company Entertainment Publications from The Carlyle Group and Alcentra Capital for 360M USD

Acquisition Highlights
  • This is IAC’s 1st transaction in the Publishing sector.
  • This is IAC’s 5th largest (disclosed) transaction.
  • This is IAC’s 3rd transaction in the United States.
  • This is IAC’s 1st transaction in Michigan.

M&A Deal Summary

Date 2003-03-25
Target Entertainment Publications
Sector Publishing
Buyer(s) IAC
Sellers(s) The Carlyle Group
Alcentra Capital
Deal Type Add-on Acquisition
Deal Value 360M USD

Target

Entertainment Publications

Troy, Michigan, United States
Entertainment Publications, Inc. is a publisher and marketer of consumer directories and coupon books that are used by schools and other non-profit organizations as fund raising tools.

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Buyer(S) 1

Buyer

IAC

New York, New York, United States

Category Company
Sector Digital Media
Employees9,500
Revenue 4.4B USD (2023)
DESCRIPTION

IAC is a media and Internet company focused in the core areas of search, applications, online dating, local and media. IAC's network of sites have over a billion total monthly visits in more than 100 countries. The company is headquartered in the Chelsea neighborhood of New York City with business operations and satellite offices around the world. IAC is based in New York, New York.


DEAL STATS #
Overall 3 of 23
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 3 of 18
State (Michigan) 1 of 1
Country (United States) 3 of 21
Year (2003) 1 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-16 Expedia

Seattle, Washington, United States

Expedia is an online travel company that provides business and leisure travelers with technology, tools and information to research, plan, book and experience travel. Expedia was founded in 1996 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-06 LendingTree

Charlotte, North Carolina, United States

LendingTree is an online lending exchange. LendingTree is a web-based company that operates an online lending marketplace that facilitates matching borrowers and lenders. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products. LendingTree was founded in 1996 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 17 of 480
Sector (Publishing) 2 of 8
Type (Add-on Acquisition) 9 of 197
State (Michigan) 1 of 6
Country (United States) 15 of 259
Year (2003) 1 of 8
Size (of disclosed) 67 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-25 Endius

Plainville, Massachusetts, United States

Endius, Inc. is a privately held medical device company that had developed and commercialized a minimally invasive access system for spine surgery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-24 Key Safety Systems

Sterling Heights, Michigan, United States

Key Safety Systems is a supplier of automotive safety restraint systems and components. KSS supplies a broad range of safety products including airbag components and systems; seat belts; steering wheels; and position and movement sensors. Key Safety Systems was founded in 1987 and is based in Sterling Heights, Michigan.

Buy -
SELLER

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


DEAL STATS #
Overall 4 of 40
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 1 of 19
State (Michigan) 1 of 2
Country (United States) 4 of 38
Year (2003) 2 of 2
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Raytheon Aerospace

Madison, Mississippi, United States

Raytheon Aerospace is a provides logistical management, aircraft maintenance and other services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-25 CamelBak Products

Petaluma, California, United States

CamelBak Products LLC is a provider of personal hydration solutions for outdoor, recreation and military use. The company's products include hydration packs, reusable bottles and individual purification and filtration systems.

Buy $210M