M&A Deal Summary

Liberty Media Acquires Dorna

On April 1, 2024, Liberty Media acquired digital media company Dorna from Bridgepoint and CPP Investments for 4.2B EUR

Acquisition Highlights
  • This is Liberty Media’s 1st transaction in the Digital Media sector.
  • This is Liberty Media’s 2nd largest (disclosed) transaction.
  • This is Liberty Media’s 1st transaction in Spain.

M&A Deal Summary

Date 2024-04-01
Target Dorna
Sector Digital Media
Buyer(s) Liberty Media
Sellers(s) Bridgepoint
CPP Investments
Deal Type Add-on Acquisition
Deal Value 4.2B EUR

Target

Dorna

Madrid, Spain
Dorna is an international sports management, media, and marketing company that holds the global commercial and broadcasting rights for MotoGP. Dorna

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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 10 of 10
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 10 of 10
Country (Spain) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 QuintEvents

Charlotte, North Carolina, United States

QuintEvents is a provider of official ticket and hospitality packages to prominent sports and entertainment events. Quint's programs enable partnership properties to expand fan experiences and corporate client entertainment opportunities in a way that reflects the quality and prestige of those brands. QuintEvents is based in Charlotte, North Carolina.

Buy $313M

Seller(S) 2

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 110 of 111
Sector (Digital Media) 2 of 2
Type (Add-on Acquisition) 39 of 39
Country (Spain) 3 of 3
Year (2024) 3 of 4
Size (of disclosed) 1 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Identicare

York, United Kingdom

Identicare is a pet microchipping and pet owner-focused services company. Alongside its services offering, Identicare sells microchips to vets, commercial breeders and rescue charities, utilising a customer acquisition channel for subscription products that boast strong retention rates, underscoring the quality and value of its offering to an embedded customer base. Identicare was founded in 1989 and is based in York, United Kingdom.

Buy £25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Evoriel

Paris, France

Evoriel is a provider of property management services in France. Evoriel offers a unique blend of complementary services through brands: Lamy, Oralia, Richardiere, Terranae and Belier Assurances. Evoriel is based in Paris, France.

Buy -
SELLER
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 13 of 16
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 7 of 8
Country (Spain) 1 of 1
Year (2024) 1 of 3
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 Power2X

Amsterdam, Netherlands

Power2X is a green molecule company that develops large-scale new energy assets and infrastructure focusing on decarbonizing industrial value chains. In addition, the company is active as a consultant through Power2X Consulting, working together with a variety of industry participants. Power2X is headquartered in Amsterdam, the Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Viking Cruises

Woodland Hills, California, United States

Viking Cruises offers destination-focused journeys on rivers, oceans, and lakes around the world. Designed for experienced travelers with interests in science, history, culture, and cuisine. Viking Cruises was founded in 1997 and is based in Woodland Hills, California.

Sell -