M&A Deal Summary

Oak View Group Acquires Family Entertainment Live

On December 11, 2023, Oak View Group acquired media company Family Entertainment Live from Seaport Capital and Gray

Acquisition Highlights
  • This is Oak View Group’s 3rd transaction in the Media sector.
  • This is Oak View Group’s 3rd transaction in the United States.
  • This is Oak View Group’s 1st transaction in Ohio.

M&A Deal Summary

Date 2023-12-11
Target Family Entertainment Live
Sector Media
Buyer(s) Oak View Group
Sellers(s) Seaport Capital
Gray
Deal Type Add-on Acquisition

Target

Family Entertainment Live

Medina, Ohio, United States
Family Entertainment Live is a diversified entertainment holding company, solidifying a partnership that will bring highly sought-after family-oriented live events to audiences worldwide. The Company's live event formats include Magic of Lights, an outdoor holiday lights experience displayed at venues throughout North America, and Hot Wheels Monster Trucks Live, a Hot Wheels-themed monster truck show presented both in North America and internationally. Family Entertainment Live is headquartered in Medina, Ohio.

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Buyer(S) 1

Buyer

Oak View Group

Los Angeles, California, United States

Category Company
Founded 2015
Sector Media
Employees200
DESCRIPTION

Oak View Group is a global sports and entertainment company focused on being a positive disruption to business as usual in the sports and live entertainment industry and currently has eight divisions across four global offices (Los Angeles, New York, London, and Philadelphia). Oak View Group was founded in 2015 and is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 4
Sector: Media M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Rhubarb

London, United Kingdom

Rhubarb is a provider of premium food and drink brand delivering high-quality food services across complementary channels at iconic venues and events. Rhubarb was founded in 1996 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 29 of 31
Sector: Media M&A 3 of 3
Type: Add-on Acquisition M&A Deals 17 of 19
State: Ohio M&A 2 of 2
Country: United States M&A 27 of 29
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 CyberlinkASP

Dallas, Texas, United States

CyberlinkASP is an application service provider that differs from traditional outsourcing companies by offering everything from single application delivery and help desk support to total desktop integration. CyberlinkASP was founded in 1999 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 All Traffic Data Services

Wheat Ridge, Colorado, United States

All Traffic Data Services provides traffic data collection and reporting, consulting services, and transportation asset management to a multitude of civil engineering firms, state and local transportation networks, commercial establishments, and cities across the US. All Traffic Data Services was founded in 2001 and is based in Wheat Ridge, Colorado.

Sell -
SELLER

Gray

Atlanta, Georgia, United States

Category Company
Founded 1891
Sector Media
Employees9,118
Revenue 3.6B USD (2024)
DESCRIPTION

Gray is a television broadcast company that owns and/or operates television stations and major digital assets. Gray was founded in 1891 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 3
Sector: Media M&A 3 of 3
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Family Entertainment Live

Medina, Ohio, United States

Family Entertainment Live is a diversified entertainment holding company, solidifying a partnership that will bring highly sought-after family-oriented live events to audiences worldwide. The Company's live event formats include Magic of Lights, an outdoor holiday lights experience displayed at venues throughout North America, and Hot Wheels Monster Trucks Live, a Hot Wheels-themed monster truck show presented both in North America and internationally. Family Entertainment Live is headquartered in Medina, Ohio.

Buy -