M&A Deal Summary

Providence Equity Partners Acquires Ambassador Theatre Group

On October 21, 2013, private equity firm Providence Equity Partners acquired consumer services company Ambassador Theatre Group from Exponent Private Equity for 350M USD

Acquisition Highlights
  • This is Providence Equity Partners’ 5th transaction in the Consumer Services sector.
  • This is Providence Equity Partners’ 29th largest (disclosed) transaction.
  • This is Providence Equity Partners’ 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2013-10-21
Target Ambassador Theatre Group
Sector Consumer Services
Buyer(s) Providence Equity Partners
Sellers(s) Exponent Private Equity
Deal Type Secondary Buyout
Deal Value 350M USD
Advisor(s) Berenson & Company (Financial)

Target

Ambassador Theatre Group

Woking, United Kingdom
Ambassador Theatre Group is an owner and operator of theatres. The theatre portfolio is supported by in-house ticketing and production divisions. Ambassador Theatre Group was founded in 1991 and is based in Woking, United Kingdom.

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Buyer(S) 1

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 76 of 135
Sector (Consumer Services) 5 of 6
Type (Secondary Buyout) 14 of 38
Country (United Kingdom) 2 of 9
Year (2013) 3 of 3
Size (of disclosed) 29 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-09 Learfield Communications

Plano, Texas, United States

Learfield Communications is a provider of integrated marketing solutions in college sport. Learfield has a deep presence in the college athletics landscape nationwide. It manages the multimedia and sponsorship rights for more than 120 collegiate institutions, conferences and arenas, and supports athletic departments at all competitive levels as title sponsor of the prestigious Learfield Directors’ Cup. Learfield Communications was founded in 1972 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 GLM Shows - George Little Management

White Plains, New York, United States

GLM creates face-to-face buying, selling and networking platforms for designers, product developers, manufacturers, retailers and operators through more than 20 leading trade shows including four of the largest 100 trade shows in the U.S.

Sell $335M

Seller(S) 1

SELLER

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from £150 to £500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.

DEAL STATS #
Overall 7 of 25
Sector (Consumer Services) 1 of 2
Type (Secondary Buyout) 5 of 16
Country (United Kingdom) 7 of 22
Year (2013) 2 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-07 Dreams

High Wycombe, United Kingdom

Dreams is a bed and mattress specialist retailer. Dreams offer a broad selection of the latest products in the bedding segment. Dreams’ product offering includes mattresses, divans, bed frames, headboards, in addition to a select range of furniture products and associated bedding. Dreams was founded in 1985 and is based in High Wycombe, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Loch Lomond Whiskies

Alexandria, United Kingdom

Loch Lomond Whiskie is an international branded spirits business with global presence in over 120 countries. The company’s production spans sites across Scotland and is one of the few distillers to have a fully integrated production and supply capability with 2 distilleries at Alexandria in Dunbartonshire and on-site cooperage, Glen Scotia distillery in Campbeltown, Argyll and its own bottling plant in Catrine, Ayrshire. Loch Lomond Whiskies was founded in 1772 and is based in Alexandria, United Kingdom.

Buy -
Mergr

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