Buyout (LBO, MBO, MBI) • Marketing

Lake Capital and Frontenac Acquire DVC Worldwide

On November 1, 2000, private equity firms Lake Capital and Frontenac acquired marketing company DVC Worldwide for 125M USD

Acquisition Context
  • This is Lake Capital’s 2nd and Frontenac’s 1st transaction in the Marketing sector.
  • This is Lake Capital’s 2nd and Frontenac’s 2nd largest (disclosed) transaction.
  • This is Lake Capital’s 6th and Frontenac’s 23rd transaction in the United States.
  • This is Lake Capital’s 2nd and Frontenac’s 2nd transaction in New Jersey.
Investment Fate
  • DVC Worldwide was sold to a strategic buyer in 2006.

Explore All 327 Buyout (LBO, MBO, MBI) Marketing Deals - Search the Database Free


M&A Deal Summary

Date November 1, 2000
Target DVC Worldwide
Sector Marketing
Buyer(s) Lake Capital
Frontenac
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 125M USD

Target Company

DVC Worldwide

Morristown, New Jersey, United States
DVC Worldwide, Inc. was acquired by Aspen Marketing Services, Inc. DVC Worldwide, Inc. engages in the development, execution, management, and tracking of integrated programs across various marketing disciplines and creative media. It offers various services, including promotional marketing, customer and comarketing, experiential marketing, public relations, advertising, digital marketing, partnership and sponsorship marketing, direct and customer relationship management marketing, and consumer and marketing research. DVC Worldwide, Inc. is based in Morristown, New Jersey.
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Buyers Overview 2

Buyer

Lake Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lake Capital is a private equity firm that targets a limited number of middle-market, service-based companies. The firm typically allocates $50 to $75 million equity to each portfolio company initiative. However, with seller financing, third-party debt, and co-investment opportunities, significant capital (in addition to the initial equity allocation) is available to each initiative. The service-based businesses the firm pursues include marketing services, finance-related services, specialty services, healthcare services, consumer services, technology services, business process outsourcing services, and marketing services. The firm is typically interested in buyout, partnership and start-up opportunities. Lake Capital was formed in 1998 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 6 of 34
Sector: Marketing 2 of 7
Type: Buyout (LBO, MBO, MBI) 1 of 13
State: New Jersey 2 of 4
Country: United States 6 of 32
Year: 2000 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-05 Lighthouse Global Network

New York, New York, United States

Lighthouse Global Network, Inc. was acquired by Cordiant Communications Group plc. Lighthouse Global Network, Inc. delivers design, communications, and marketing solutions to corporate customers in the United States and Europe. Its marketing services include branding/design, investor relations/public relations, and sales promotion.

Sell $421M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-19 Nth Degree

Duluth, Georgia, United States

Nth Degree is a provider of exhibit management and event services. The company provides specialized installation and dismantle services for trade shows and also serves as an experiential marketing and management agency. Nth Degree was founded in 1979 and is based in Duluth, Georgia.

Buy $150M
Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 25 of 81
Sector: Marketing 1 of 3
Type: Buyout (LBO, MBO, MBI) 12 of 25
State: New Jersey 2 of 6
Country: United States 23 of 77
Year: 2000 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-25 Levy Restaurants

Chicago, Illinois, United States

Levy Restaurants is the leading national provider of specialty food service to sports and entertainment venues. It pioneered the concept of fine dining in stadium and arena environments, managing club and skybox dining for 30% of major U.S. stadiums.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Premier Systems Integrators

Smyrna, Tennessee, United States

Premier Systems Integrators was an IT systems integrator and provider of extended network infrastructure solutions to middle-market customers.

Sell $138M