M&A Deal Summary

Providence Equity Partners, Opportunity Capital Partners, Alta Equity Partners and NewStar Financial Acquire Bustos Media Holdings

On September 27, 2004, private equity firm Providence Equity Partners, private equity firm Opportunity Capital Partners, private equity firm Alta Equity Partners and NewStar Financial acquired media company Bustos Media Holdings

Acquisition Highlights
  • This is Providence Equity Partners’ 10th, Opportunity Capital Partners’ 2nd, Alta Equity Partners’ 16th and NewStar Financial’s 1st transaction in the Media sector.
  • This is Providence Equity Partners’ 14th, Opportunity Capital Partners’ 2nd, Alta Equity Partners’ 25th and NewStar Financial’s 1st transaction in the United States.
  • This is Providence Equity Partners’ 1st, Opportunity Capital Partners’ 1st, Alta Equity Partners’ 1st and NewStar Financial’s 1st transaction in Oregon.

M&A Deal Summary

Date 2004-09-27
Target Bustos Media Holdings
Sector Media
Buyer(s) Providence Equity Partners
Opportunity Capital Partners
Alta Equity Partners
NewStar Financial
Deal Type Buyout (LBO, MBO, MBI)

Target

Bustos Media Holdings

Portland, Oregon, United States
Bustos Media Corporation is a radio broadcasting company.

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Buyer(S) 4

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 24 of 137
Sector: Media M&A 10 of 29
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 23
State: Oregon M&A 1 of 1
Country: United States M&A 14 of 86
Year: 2004 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-23 MGM

Beverly Hills, California, United States

MGM is an entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content.

Buy $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Eircom

Dublin, Ireland

eircom, the Irish national incumbent fixed-line telephone company, in a take-private transaction in 2001. In 2004, eircom was listed on the London and Dublin stock exchanges.

Sell -
Buyer

Opportunity Capital Partners

Fremont, California, United States

Category Private Equity Firm
Founded 1970
PE ASSETS 135M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Opportunity Capital Partners is a private equity firm provides capital to later stage companies that seek acquisition and expansion financing. OCP targets companies with experienced management teams, predictable revenues and product life cycles. The Firm invests in companies with exclusive licenses or franchises, proprietary products or processes that provide sustainable competitive advantage. OCP looks to invest $2 - $10 million per transaction. Specific areas on investment include communications, applied technology and traditional manufacturing segments. Opportunity Capital Partners was formed in 1970 and is based in Fremont, California.


DEAL STATS #
Overall 2 of 2
Sector: Media M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Oregon M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2004 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-05 Radiovisa

Los Angeles, California, United States

Radiovisa is a radio station operator and content syndication company that specializes in Spanish-language long form talk radio, producing a variety of news, sports and entertainment programming out of its studios in Los Angeles and syndicating to over 50 stations across the country.

Buy -
Buyer

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


DEAL STATS #
Overall 28 of 40
Sector: Media M&A 16 of 19
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 27
State: Oregon M&A 1 of 1
Country: United States M&A 25 of 36
Year: 2004 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-25 Inner City Broadcasting

New York, New York, United States

Inner City Broadcasting Corp. is a radio broadcasting company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-17 Yankee Group Research

Boston, Massachusetts, United States

Yankee Group formerly known as (Decision Matrix Group) is headquartered in Boston and was founded by Howard Anderson in 1970 as the world's first technology research and consulting firm. The Company pioneered the model of selling a combination of objective and independent research combined with personal interaction with highly skilled and knowledgeable analysts. Yankee Group operates a fully-integrated research and consulting business and provides their services within the following four industry segments: (1) Wireline Telecomm, (2) Wireless Telecomm, (3) Media and Consumer Products, and (4) Information Technology.

Buy -
Buyer

NewStar Financial

Boston, Massachusetts, United States

Category Company
Founded 2004
Sector Financial Services
Employees122
Revenue 220M USD (2015)
DESCRIPTION

NewStar Financial, Inc. is an internally-managed, commercial finance company with $7.3 billion of assets managed across two complementary business lines — middle market direct lending and asset management. The Company's direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle markets through specialized lending groups that offer a range of flexible debt financing options. Credit investments are originated directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit.


DEAL STATS #
Overall 1 of 8
Sector: Media M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Oregon M&A 1 of 1
Country: United States M&A 1 of 8
Year: 2004 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-30 Angelle Concrete Group

Baton Rouge, Louisiana, United States

Angelle Concrete Group LLC is a vertically integrated construction materials company with operations in Louisiana, Texas and Tennessee. Angelle is a leading regional producer and supplier of ready-mixed concrete and is also one of the largest domestic, independently-owned importers of cement (the primary raw material in concrete) in the U.S.

Buy -