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  6. Oaktree Capital Management Acquires National Mobile Television

Divestiture • Media

Oaktree Capital Management Acquires National Mobile Television

On February 9, 1997, asset manager Oaktree Capital Management acquired media company National Mobile Television from King Broadcasting Co. for 555M USD

Acquisition Context
  • This is Oaktree Capital Management’s 1st transaction in the Media sector.
  • This is Oaktree Capital Management’s largest (disclosed) transaction.
  • This is Oaktree Capital Management’s 2nd transaction in the United States.
  • This is Oaktree Capital Management’s 2nd transaction in California.
Investment Fate
  • National Mobile Television was sold to a financial buyer in 2006.
  • National Mobile Television was sold to a strategic buyer in 2008.

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M&A Deal Summary
Date February 9, 1997
Target National Mobile Television
Sector Media
Buyer(s) Oaktree Capital Management
Sellers(s) King Broadcasting Co.
Deal Type Divestiture
Deal Value 555M USD

Target Company

National Mobile Television

Torrance, California, United States
National Mobile Television, Inc. is a provider of mobile television production facilities and related equipment and services. NMT's fleet of mobile units is rented by major and regional broadcast networks and used to produce live telecasts, primarily of sporting events.
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Buyer Overview 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

Deal Context for Buyer #
Overall 3 of 129
Sector: Media 1 of 3
Type: Divestiture 2 of 9
State: California 2 of 15
Country: United States 2 of 83
Year: 1997 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-04-06 Elgar Electronics

San Diego, California, United States

Elgar Electronics Corp. is a designer and manufacturer of AC and DC programmable power supplies, Elgar's products are used in designing and testing power-sensitive electronics that must operate in environments where power quality is uncertain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-01 Acorn Products

Columbus, Ohio, United States

Acorn Products, Inc. is a manufacturer and marketer of non-powered lawn and garden tools in the United States.

Buy -

Seller Profile 1

SELLER

King Broadcasting Co.

Seattle, Washington, United States
Category Company
Founded 1946
Sector Media
DESCRIPTION

King Broadcasting Co., Inc. is a broadcast media company.

Deal Context for Seller #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 1997 1 of 1
Size (of disclosed) 1 of 1

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