M&A Deal Summary

KKR and Seven Networks Acquire Seven West Media

On November 20, 2006, private equity firm KKR and Seven Networks acquired media company Seven West Media

Acquisition Highlights
  • This is KKR’s 2nd and Seven Networks’ 1st transaction in the Media sector.
  • This is KKR’s 2nd and Seven Networks’ 1st transaction in Australia.
Investment Fate
  • Seven West Media was sold to a consortium of buyers in 2013.

M&A Deal Summary

Date 2006-11-20
Target Seven West Media
Sector Media
Buyer(s) KKR
Seven Networks
Deal Type Joint Venture

Target

Seven West Media

Sydney, Australia
Seven West Media is a media company with diversified presence in broadcast television, radio, newspaper publishing, magazine publishing and online. Seven West Media was founded in 1991 and is based in Perth, Australia.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 50 of 499
Sector: Media M&A 2 of 11
Type: Joint Venture M&A Deals 1 of 7
Country: Australia M&A 2 of 15
Year: 2006 M&A 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-17 HCA Healthcare

Nashville, Tennessee, United States

HCA Healthcare is a national healthcare service provider. HCA operates general and acute care hospitals with a full range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by general, acute care hospitals, freestanding surgery centers, diagnostic centers, and rehabilitation facilities. HCA's psychiatric hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings. HCA Healthcare was formed in 1968 and is based in Nashville, Tennessee.

Buy $33.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 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 $3.9B
Buyer

Seven Networks

Marshall, Texas, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Seven's mobile software as a service provides mobile operators and Smartphone manufacturers sophisticated signaling, bandwidth and network management capabilities which were never before possible. The company's leading edge messaging software also provides operators and manufacturers with the most powerful and network-friendly applications to enhance customer usage and satisfaction for email, personal information management and integrated messaging. Seven Networks is based in Marshall, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Media M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-19 SNRLabs

Richardson, Texas, United States

SNRLabs, Inc. develops software for open Channel Seamless Mobility delivers seamless service delivery for mobile applications as devices move between the wireless carrier network and Wi-Fi.

Buy -