Divestiture • Media

Kagiso Media Acquires Jacaranda FM Pty

On February 11, 2019, Kagiso Media acquired media company Jacaranda FM Pty from Lagardere for 233M ZAR

Acquisition Context
  • This is Kagiso Media’s 1st transaction in the Media sector.
  • This is Kagiso Media’s 0th largest (disclosed) transaction.
  • This is Kagiso Media’s 2nd transaction in South Africa.

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M&A Deal Summary

Date February 11, 2019
Target Jacaranda FM Pty
Sector Media
Buyer(s) Kagiso Media
Sellers(s) Lagardere
Deal Type Divestiture
Deal Value 233M ZAR

Target Company

Jacaranda FM Pty

Midrand, South Africa
Jacaranda FM Pty Ltd. is an independent radio station broadcasting in English and Afrikaans and playing music. The station reaches approximately 2M people across GP, North West, Mpumalanga and Limpopo province.
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Buyer Overview 1

Buyer

Kagiso Media

Johannesburg, Illovo Boulevard, South Africa

Category Company
Sector Media
DESCRIPTION

Kagiso Media Limited, an investment holding company, operates media outlets in the field of regional radio broadcasting and radio airtime sales, information services and solutions, exhibitions and events, and out-of-home advertising. It operates in four segments: Broadcasting, Information Services and Solutions, Outdoor, and Exhibitions and Events. The Broadcasting segment comprises operations in the radio broadcasting and radio advertising sales environment, and research and marketing services.


Deal Context for Buyer #
Overall 2 of 2
Sector: Media 1 of 1
Type: Divestiture 2 of 2
Country: South Africa 2 of 2
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Mediamark Proprietary

Johannesburg, South Africa

Mediamark Proprietary Ltd. is a level 2 BBBEE specialist media sales and solutions company comprising experience and disciplines in radio, digital, events, and TV. Operating in a rapidly changing media environment the company has over 164 staff concentrated in the major regions of South Africa.

Buy R30M

Seller Profile 1

SELLER

Lagardere

Paris, France

Category Company
Founded 1826
Sector Media
Employees33,000
Revenue 9.0B EUR (2024)
DESCRIPTION

Lagardere is a diversified media group which operates through four divisions. These include Lagardere Publishing, Lagardere Services, Lagardere Active, and Lagardere Unlimited. Lagardere was founded in 1826 and is based in Paris, France.


Deal Context for Seller #
Overall 7 of 11
Sector: Media 1 of 3
Type: Divestiture 7 of 11
Country: South Africa 2 of 2
Year: 2019 4 of 6
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Mediamark Proprietary

Johannesburg, South Africa

Mediamark Proprietary Ltd. is a level 2 BBBEE specialist media sales and solutions company comprising experience and disciplines in radio, digital, events, and TV. Operating in a rapidly changing media environment the company has over 164 staff concentrated in the major regions of South Africa.

Sell R30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-15 Lagardère SCA - Magazine Publishing Titles

France

Lagardère SCA - Magazine Publishing Titles comprises publishing titles Elle and its various extensions, Version Femina, Art & Décoration, Télé 7 Jours and its various extensions, France Dimanche, Ici Paris and Public.

Sell €52M

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