M&A Deal Summary

Net Serviços de Comunicação Acquires Vivax

On December 1, 2006, Net Serviços de Comunicação acquired communications company Vivax from Great Hill Partners and Spire Capital Partners for 675M USD

Acquisition Highlights
  • This is Net Serviços de Comunicação’s 1st transaction in the Communications sector.
  • This is Net Serviços de Comunicação’s largest (disclosed) transaction.
  • This is Net Serviços de Comunicação’s 1st transaction in Brazil.

M&A Deal Summary
Date 2006-12-01
Target Vivax
Sector Communications
Buyer(s) Net Serviços de Comunicação
Sellers(s) Great Hill Partners
Spire Capital Partners
Deal Type Add-on Acquisition
Deal Value 675M USD

Target

Vivax

Sao Paulo, Brazil
Vivax, Inc. is a cable TV/Broadband company. Vivax offers pay-TV video services and a broadband Internet product providing service in excess of 300,000 unique customers.

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Buyer(S) 1

Buyer

Net Serviços de Comunicação

Sao Paulo, Brazil
Category Company
Sector Media
Employees14,629
Revenue 9.7B BRL (2013)
DESCRIPTION

Net Serviços de Comunicação is a television operator provider, based in Sao Paulo, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 60
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 8 of 37
Country (Brazil) 1 of 3
Year (2006) 3 of 3
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-22 Freightquote.com

Kansas, Missouri, United States

Freightquote.com, Inc. is a provider of web-based freight transportation management services for small businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Gorilla Nation Media

Los Angeles, California, United States

Gorilla Nation is an branded sales company, representing more than 100 leading entertainment and lifestyle communities online. Reaching over 50 Million film fanatics, hard core gamers, influential trendsetters and thrill seeking outdoorsmen each month allows us to provide marketers with vital access to 18-34 year old men.

Buy -
SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 5 of 27
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 5 of 19
Country (Brazil) 1 of 1
Year (2006) 2 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 Highline Media

New York, New York, United States

Highline Media LLC is a business-to-business information company serving the insurance and related financial industries. Highline Media publishes 9 magazines, including the National Underwriter, Claims and Wealth Manager; more than a dozen websites, an insurance database of financial information, continuing education and training for insurance professionals and more than 150 professional publications/reference guides.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-20 AssetNation

Houston, Texas, United States

AssetNation, Inc. is a platform to build a premier online marketplace and technology company for the sale and purchase of surplus and salvage assets. By combining comprehensive services and leveraging the Internet to increase transaction transparency and efficiently access a global universe of buyers, AssetNation has dramatically improved recovery results for sellers of commercial salvage goods, as well as corporate, end-of-life assets.

Buy -
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