M&A Deal Summary

MLIM Acquires The San Diego Union-Tribune

On November 17, 2011, MLIM acquired publishing company The San Diego Union-Tribune from Platinum Equity for 110M USD

Acquisition Highlights
  • This is MLIM’s 1st transaction in the Publishing sector.
  • This is MLIM’s largest (disclosed) transaction.
  • This is MLIM’s 1st transaction in the United States.
  • This is MLIM’s 1st transaction in California.

M&A Deal Summary
Date 2011-11-17
Target The San Diego Union-Tribune
Sector Publishing
Buyer(s) MLIM
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

The San Diego Union-Tribune

San Diego, California, United States
The San Diego Union-Tribune is a local media company.

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Buyer(S) 1

Buyer

MLIM

San Diego, California, United States
Category Company
Sector Publishing
DESCRIPTION

MLIM LLC is a publisher of newspapers.

DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 18 of 78
Sector (Publishing) 1 of 2
Type (Add-on Acquisition) 10 of 39
State (California) 3 of 5
Country (United States) 15 of 65
Year (2011) 6 of 6
Size (of disclosed) 19 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 Peak Technologies

Linthicum Heights, Maryland, United States

Peak Technologies designs and implements data collection and printing solutions for warehousing, manufacturing, distribution, and field-based operations. Peak Technologies was founded in 1986 and is based in Linthicum Heights, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Chassix

Southfield, Michigan, United States

Chassix is a automotive supplier of precision casting and machining solutions. The brand was launched in 2013 following the integration of SMW Automotive, LLC and Diversified Machine, Inc.

Buy -
Mergr

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