Investment Summary |
|
|---|---|
| Date | 2016-06-02 |
| Target | OEC |
| Sector | Information Technology |
| Investor(s) |
Providence Equity Partners
General Motors Ford Motor |
| Deal Type | Stake Purchase |
| Advisor(s) | William Blair (Financial) Jones Day (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 91 of 135 |
| Sector: Information Technology M&A | 10 of 14 |
| Type: Stake Purchase M&A Deals | 13 of 14 |
| State: Ohio M&A | 1 of 2 |
| Country: United States M&A | 57 of 84 |
| Year: 2016 M&A | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-02 |
AcadeMedia
Stockholm, Sweden AcadeMedia is an education company in Sweden with operations spanning pre and compulsory school, upper secondary school and adult education. The company operates more than 150 schools and adult education units across Sweden and has approximately 2,500 employees and 45,000 students. AcadeMedia was founded in 1996 and is based in Stockholm, Sweden. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-08 |
TVB
Kowloon, China TVB is a wireless commercial television station. It provides terrestrial television broadcasting, together with programme production and other TV-related activities. TVB was founded in 1967 and is based in Kowloon, China. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1908 |
| Sector | Automotive |
| Employees | 163,000 |
| Revenue | 187.4B USD (2024) |
General Motors is a global manufacturer of cars, trucks, and auto parts. General Motors' automotive group is separated into GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). GMNA develops vehicles manufactured and marketed under the Buick, Cadillac, Chevrolet and GMC brands. Outside of North America, vehicles are developed, manufactured and marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands. GM also has equity ownership stakes directly or indirectly in entities through various regional subsidiaries, primarily in Asia. These companies design, manufacture and market vehicles under the Alpheon, Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands. In addition to the products GM sells to dealers for consumer retail sales, GM also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. General Motors was founded in 1908 and is based in Detroit, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 4 of 5 |
| Year: 2016 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-11 |
Cruise Automation
San Francisco, California, United States Cruise Automation is a developer of autonomous vehicle technology and solutions. Founded in 2013, Cruise has moved to develop and test autonomous vehicle technology in San Francisco’s challenging city environment. |
Buy | $1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-09 |
Strobe
United States Strobe is develops next generation LIDAR technology for use in self-driving applications. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1903 |
| Sector | Automotive |
| Employees | 171,000 |
| Revenue | 185.0B USD (2024) |
Ford Motor produces and sells automobiles under the Ford and Lincoln brands. In addition to the products Ford sells to dealerships for retail sale, the Company also sells vehicles to dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. Ford Motor also sells parts and accessories, primarily to dealerships and to authorized parts distributors. Through its dealerships, Ford Motor also offers extended service contracts to retail customers. Ford Motor was founded in 1903 and is headquartered in Dearborn, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 12 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 3 of 7 |
| Year: 2016 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-26 |
Myine Electronics
Ferndale, Michigan, United States Myine Electronics LLC (dba Livio Radio) is a is the developer of products and software to support smartphone/car connectivity. Its products include Bluetooth Internet radio car kits for iPhones and Android phones. |
Buy | $9M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-16 |
SAIPS
Tel Aviv, Israel SAIPS is a provider of customized algorithmic solutions in the fields of computer vision and machine learning. SAIPS develops a broad span of computer vision and machine learning technologies, mainly based on state of the art Deep Learning methodologies. |
Buy | - |
