M&A Deal Summary

Penta Capital Acquires Akazoo

On July 9, 2015, private equity firm Penta Capital acquired media company Akazoo from Kanzaroo

Acquisition Highlights
  • This is Penta Capital’s 1st transaction in the Media sector.
  • This is Penta Capital’s 19th transaction in the United Kingdom.
Investment Fate
  • Akazoo was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 2015-07-09
Target Akazoo
Sector Media
Buyer(s) Penta Capital
Sellers(s) Kanzaroo
Deal Type Divestiture

Target

Akazoo

London, United Kingdom
Akazoo Ltd. is a versatile music streaming service that allows mobile network operators, ISPs and device manufacturers to enable customers to meaningfully enjoy their favorite music. Akazoo was founded in 2008 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Penta Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Penta Capital is a mid-market private equity firm that concentrates on later-stage investment opportunities throughout the UK and Ireland. Penta looks to invest between £5 and £200 million. Sectors of interest include leisure, consumer products/services, and business services. The Firm generally looks to support growth capital needs, as well as management buyouts/buy-ins. Penta Capital was formed in 1999 and maintains offices in London and Glasgow.


DEAL STATS #
Overall 21 of 29
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 19 of 27
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 Six Degrees

London, United Kingdom

Six Degrees is a converged technology infrastructure provider that is transforming the managed services landscape. 6DG has invested in its own data centres, cloud platforms, next generation data network and voice switching capability, and leverages these core assets to develop, manage and support its unique portfolio of solutions. Six Degrees was founded in 2011 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Kanzaroo

London, United Kingdom

Kanzaroo is a provider of mobile marketing and digital entertainment solutions for mobile network operators and brands. Kanzaroo was established in 1995 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Kanzaroo

London, United Kingdom

Category Company
Founded 1995
Sector Internet Software and Services
Employees162
Revenue 132M EUR (2014)
DESCRIPTION

Kanzaroo is a provider of mobile marketing and digital entertainment solutions for mobile network operators and brands. Kanzaroo was established in 1995 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-14 Interacel Holdings

Buenos Aires, Argentina

Interacel Holdings LLC is a provider of mobile services in Latin America.

Buy -