M&A Deal Summary

New Vision Television Acquires Montecito Broadcast Group

On July 25, 2007, New Vision Television acquired media company Montecito Broadcast Group from The Blackstone Group

Acquisition Highlights
  • This is New Vision Television’s 1st transaction in the Media sector.
  • This is New Vision Television’s 1st transaction in the United States.
  • This is New Vision Television’s 1st transaction in California.

M&A Deal Summary

Date 2007-07-25
Target Montecito Broadcast Group
Sector Media
Buyer(s) New Vision Television
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition

Target

Montecito Broadcast Group

Montecito, California, United States
Montecito operated network affiliate television stations in four U.S. cities.

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Buyer(S) 1

Buyer

New Vision Television

Atlanta, Georgia, United States

Category Company
Founded 1993
Sector Media
Employees1,050
DESCRIPTION

New Vision Television is an owner/operator of network television affiliates. The stations are diversified along both geographic lines and network affiliations. All of its stations rank #1 or #2 in ratings in their markets.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 40 of 193
Sector: Media M&A 4 of 7
Type: Add-on Acquisition M&A Deals 15 of 74
State: California M&A 1 of 10
Country: United States M&A 26 of 117
Year: 2007 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 ReAble Therapeutics

Austin, Texas, United States

ReAble Therapeutics, Inc. is a diversified rehabilitation and orthopedic devices company that develops, manufactures and distributes a comprehensive range of electrotherapy, traction, chiropractic and iontophoresis devices, in addition to a broad line of orthopedic implants, used by orthopedic surgeons, physicians, therapists and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events and sports-related injuries.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-09 Stiefel Laboratories

Research Triangle Park, North Carolina, United States

Stiefel Laboratories, Inc. is enthusiastically committed to advancing dermatology and skin science around the world. The company’s deeply-rooted dedication and drive for innovation along with its sole focus on dermatology has led Stiefel to become the largest independent dermatology company in the world. In addition to more than 30 wholly-owned subsidiaries, six manufacturing plants and a global research and development network, Stiefel’s most valuable asset is its global network of nearly 3,500 driven associates.

Buy $500M