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  5. Jagran Prakashan Acquires Music Broadcast Pvt.

M&A Deal Summary

Jagran Prakashan Acquires Music Broadcast Pvt.

On June 11, 2015, Jagran Prakashan acquired media company Music Broadcast Pvt. from True North Co.

Acquisition Highlights
  • This is Jagran Prakashan’s 1st transaction in the Media sector.
  • This is Jagran Prakashan’s 1st transaction in India.

M&A Deal Summary
Date 2015-06-11
Target Music Broadcast Pvt.
Sector Media
Buyer(s) Jagran Prakashan
Sellers(s) True North Co.
Deal Type Add-on Acquisition

Target

Music Broadcast Pvt.

Mumbai, India
Music Broadcast Pvt. Ltd. launched the first 24-hour private FM station in India (Bengaluru) in 2001. It broadcasts under the brand name Radio City 91.1 FM, India's first and leading hit music FM radio brand. When IVFA tuned up with MBPL, it had stations in 4 key cities Bengaluru, Mumbai, Delhi and Lucknow.

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Buyer(S) 1

Buyer

Jagran Prakashan

Kanpur, India
Category Company
Founded 1942
Sector Media
DESCRIPTION

Jagran Prakashan Ltd. is a media and communications group, with its main interests across Newspapers, Outdoor, Internet, Magazines, Below the Line marketing solutions, and Mobile Value Added Services.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

True North Co.

Mumbai, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.

DEAL STATS #
Overall 10 of 22
Sector: Media M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 13
Country: India M&A 10 of 19
Year: 2015 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-26 Manipal Hospitals

Bengaluru, India

Manipal Hospital is a provider of healthcare services in India with a strong presence across South India. Manipal is among India’s largest chains of hospitals with over 1,800 beds. Manipal Hospital was founded in 1942 and is based in Bengaluru, Karnataka.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Syngene International

Bengaluru, India

Syngene International is a custom research and manufacturing organization, which supports R&D programs from lead generation to clinical supplies. Syngene International was founded in 1993 and is based in Bengaluru, Karnataka.

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