M&A Deal Summary

Liberty Media Acquires Cable Management Ireland

On November 1, 1999, Liberty Media acquired media company Cable Management Ireland from GMT Communications Partners and Advent International

Acquisition Highlights
  • This is Liberty Media’s 1st transaction in the Media sector.
  • This is Liberty Media’s 1st transaction in Ireland.

M&A Deal Summary

Date 1999-11-01
Target Cable Management Ireland
Sector Media
Buyer(s) Liberty Media
Sellers(s) GMT Communications Partners
Advent International
Deal Type Add-on Acquisition

Target

Cable Management Ireland

Dublin, Ireland
Cable Management Ireland (CMI) owned and operated 28 exclusive cable television and microwave multi-point distribution service (MMDS) franchises serving the greater Dublin area and the northern and central regions of the Republic of Ireland.

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Buyer(S) 1

Buyer

Liberty Media

Englewood, Colorado, United States

Category Company
Founded 1991
Sector Media
Revenue 9.4B USD (2020)
DESCRIPTION
Liberty Media's corporate headquarters in Englewood, Colorado.
Liberty Media's corporate headquarters in Englewood, Colorado.

Liberty Media owns interests in a broad range of media, communications and entertainment businesses. Those interests include subsidiaries SiriusXM, Atlanta National League Baseball Club Inc., and True Position Inc., interests in Charter Communications and Live Nation and minority equity investments in Barnes & Noble, Time Warner Cable, Time Warner Inc., and Viacom. Liberty Media was founded in 1991 and is based in Englewood, Colorado.


DEAL STATS #
Overall 1 of 10
Sector: Media M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 10
Country: Ireland M&A 1 of 1
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-21 FUN Technologies

Toronto, Ontario, Canada

FUN Technologies Inc. provides online and interactive casual and fantasy sports games, and sports information.

Buy -

Seller(S) 2

SELLER

GMT Communications Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

GMT Communications Partners is a specialist private equity firm focused on investments in the media and communications industries. The Firm prefers established companies with strong barriers to entry. Specific sectors of interest include publishing, information services, tv/radio, mobile voice & data networks, out-of-home media, and telecom infrastructure/services. GMT focuses its investment activity across Europe and will consider later stage investments as well as buyouts. GMT Communications Partners is based in London.


DEAL STATS #
Overall 3 of 28
Sector: Media M&A 1 of 7
Type: Add-on Acquisition M&A Deals 3 of 14
Country: Ireland M&A 1 of 1
Year: 1999 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Internet Network Services

London, United Kingdom

Internet Network Services is a provider of broadband services to companies, schools and government institutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Kanal A/S

Slovenia

Kanal A/S is a Slovenia's first private television network, commencing broadcasts business.

Sell -
SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 21 of 233
Sector: Media M&A 2 of 6
Type: Add-on Acquisition M&A Deals 10 of 87
Country: Ireland M&A 1 of 1
Year: 1999 M&A 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-01 Cordena Call Management BV

Hague, Netherlands

Cordena Call Management BV is the Fifth-largest independent call centre in Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Primacom AG

Mainz, Germany

Primacom AG germany's largest private cable network operator.Primacom operated a cable television network in Germany and the Netherlands.

Sell -