M&A Deal Summary

Paramount Acquires SignStorey

On September 6, 2007, Paramount acquired retailer SignStorey from CIC Partners and Golden Gate Capital for 72M USD

Acquisition Highlights
  • This is Paramount’s 1st transaction in the Retail sector.
  • This is Paramount’s 5th largest (disclosed) transaction.
  • This is Paramount’s 4th transaction in the United States.
  • This is Paramount’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2007-09-06
Target SignStorey
Sector Retail
Buyer(s) Paramount
Sellers(s) CIC Partners
Golden Gate Capital
Deal Type Add-on Acquisition
Deal Value 72M USD
Advisor(s) Siemer & Associates LLC (Financial)

Target

SignStorey

Fairfield, Connecticut, United States
Founded in 2000 and headquartered in Fairfield, CT, SignStorey is a retail television network solution to be deployed at more than 2,000 supermarkets nationwide. Its retailer partners, including Albertsons, Pathmark and Price Chopper, see value in the company's unique approach to creating an enhanced shopping experience that provides a combination of useful information to the consumer and high-impact advertising messages.

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Buyer(S) 1

Buyer

Paramount

New York, New York, United States
Category Company
Founded 1986
Sector Media
Employees21,900
Revenue 29.7B USD (2023)
DESCRIPTION

Paramount is an international media company that delivers premium content to audiences across traditional and emerging platforms worldwide. Its business segments include Entertainment, Cable Networks, Publishing, and Local Broadcasting. Paramount was founded in 1986 and is based in New York City.

DEAL STATS #
Overall 4 of 12
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 3 of 7
State (Connecticut) 1 of 1
Country (United States) 4 of 7
Year (2007) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 CSTV Networks

New York City, New York, United States

CSTV: College Sports Television is comprised of two primary business units: College Sports TV, the fastest growing independent cable network, and College Sports Online, the number one online destination for college sports, information, scores and analysis.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 CNet Networks

San Francisco, California, United States

CNet is a portfolio of brands that reach close to 100 million unique visitors monthly, advising passionate consumers about everything they love. Its portfolio reaches diverse global audiences in technology, B2B, gaming, and entertainment. These iconic properties include the world’s largest tech media brand CNET, as well as GameSpot, ZDNet, Metacritic, TVGuide.com, Chowhound, and more. CNet was formed in 1994 and is based in San Francisco, California.

Buy $1.8B

Seller(S) 2

SELLER

CIC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 14 of 29
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 2 of 8
State (Connecticut) 1 of 1
Country (United States) 14 of 28
Year (2007) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-12 Red Mango

Dallas, Texas, United States

Red Mango opened its first non-fat frozen yogurt cafe in Los Angeles in July 2007. The concept offers non-fat, healthy, authentic frozen yogurt (rich in probiotics) in Original and Green Tea flavors, served with a variety of toppings including fresh fruit, cereal, and granola. Red Mango currently has 23 upscale retail locations, and 20 under construction in 4 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Triumph Pacific Oil and Gas

Vancouver, British Columbia, Canada

Triumph Pacific Oil and Gas Company is engaged in the acquisition, development and production of natural gas reserves from conventional and unconventional reservoirs in the Western Canadian Sedimentary Basin. Triumph Pacific, based in Vancouver, British Columbia, amassed drilling rights to approximately 44,000 largely unexplored gross acres in Northeastern British Columbia.

Sell -
SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 14 of 84
Sector (Retail) 2 of 11
Type (Add-on Acquisition) 7 of 39
State (Connecticut) 1 of 1
Country (United States) 11 of 76
Year (2007) 4 of 4
Size (of disclosed) 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-18 Pacific Compensation Insurance

Thousand Oaks, California, United States

Pacific Compensation Insurance Co. is an underwriter of workers' compensation insurance. Pacific Compensation Insurance was founded in 2002 and is based in Thousand oaks, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-14 OnCore Manufacturing Services

San Jose, California, United States

OnCore Manufacturing Services LLC is a provider of product commercialization services for low-medium volume, high-complexity products to international blue-chip aerospace and defense, industrial and medical companies.

Buy -
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