Stake Purchase • Media

Quadrangle Group, Saban Capital Group, Bain Capital Private Equity, Hellman & Friedman, Thomas H. Lee Partners and Providence Equity Partners Invest In ProSiebenSat.1 Media

On August 11, 2003, private equity firms Quadrangle Group, Saban Capital Group, Bain Capital Private Equity, Hellman & Friedman, Thomas H. Lee Partners and Providence Equity Partners invested in media company ProSiebenSat.1 Media

Investment Context
  • This is Quadrangle Group’s 4th, Saban Capital Group’s 1st, Bain Capital Private Equity’s 2nd, Hellman & Friedman’s 4th, Thomas H. Lee Partners’ 2nd and Providence Equity Partners’ 6th transaction in the Media sector.
  • This is Quadrangle Group’s 1st, Saban Capital Group’s 1st, Bain Capital Private Equity’s 2nd, Hellman & Friedman’s 1st, Thomas H. Lee Partners’ 1st and Providence Equity Partners’ 2nd transaction in Germany.
Investment Fate
  • ProSiebenSat.1 Media was sold to a consortium of financial buyers in 2006 for 3.9B USD.
  • ProSiebenSat.1 Media was sold to a consortium of financial buyers in 2014.
  • ProSiebenSat.1 Media was sold to a financial buyer in 2020.

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Investment Summary

Date August 11, 2003
Target ProSiebenSat.1 Media
Sector Media
Investor(s) Quadrangle Group
Saban Capital Group
Bain Capital Private Equity
Hellman & Friedman
Thomas H. Lee Partners
Providence Equity Partners
Deal Type Stake Purchase

Target Company

ProSiebenSat.1 Media

Unterfohring, Germany
ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The entertainment segment operates free TV stations, such as SAT.1, prosieben, kabel eins, sixx, SAT.1 gold, prosieben MAXX, and kabel eins doku, as well as distributes prosiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.
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Investors Overview 6

Investor

Quadrangle Group

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.


Deal Context for Investor #
Overall 10 of 25
Sector: Media 4 of 7
Type: Stake Purchase 3 of 4
Country: Germany 1 of 1
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-05 Altice

Long Island City, New York, United States

Altice is a telecommunications, media, and entertainment company with a portfolio of operations that includes digital television, voice and high-speed Internet services, some of the country's most-watched national television networks, and valuable local media and programming properties. Altice was founded in 2015 and is based in Long Island City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-04 Cinemark

Plano, Texas, United States

Cinemark is an operator of movie theaters in the United States, or U.S., Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao and Paraguay. Cinemark was incorporated in 1984 and is based in Plano, Texas.

Buy $1.5B
Investor

Saban Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Large
Type Sector Focused
DESCRIPTION

Saban Capital Group (SCG) is a private investment firm specializing in the media, entertainment and communications industries. SCG makes both controlling and minority investments in public and private companies. In addition to its private equity activity, the Firm makes early-stage investments in digital media, mobile and consumer internet endeavors, through Saban Ventures, formed in 2008. SCG was established in 2001 by Haim Saban and is based in Los Angeles.


Deal Context for Investor #
Overall 1 of 14
Sector: Media 1 of 8
Type: Stake Purchase 1 of 6
Country: Germany 1 of 1
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-24 Fox Family Worldwide

Los Angeles, California, United States

Fox Family Worldwide, Inc. is an entertainment company that develops, acquires, produces, broadcasts, and distributes television programming and motion pictures.

Sell $5.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Keshet Broadcasting

Tel Aviv, Israel

Keshet Broadcasting Ltd. is a commercial television broadcaster. Keshet involved in various media segments, including broadcasting, internet and cellular, and a number of its television concepts are sold internationally.

Buy -
Investor

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


Deal Context for Investor #
Overall 25 of 253
Sector: Media 2 of 9
Type: Stake Purchase 2 of 22
Country: Germany 2 of 10
Year: 2003 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-31 HMH

Boston, Massachusetts, United States

HMH is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a provider of K–12 core curriculum, supplemental and intervention solutions, and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and four million educators in 150 countries. HMH was founded in 1832 and is based in Boston, Massachusetts.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Keystone Automotive Operations

Exeter, Pennsylvania, United States

Keystone Automotive Operations, Inc. is a distributor and marketer of specialty aftermarket equipment and accessories. Keystone markets products to serve the following six category segments: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories.

Buy $471M
Investor

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


Deal Context for Investor #
Overall 12 of 90
Sector: Media 4 of 5
Type: Stake Purchase 6 of 13
Country: Germany 1 of 5
Year: 2003 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Arch Capital

Pembroke, Bermuda

Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

Buy $763M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-09 Axel Springer

Berlin, Germany

Axel Springer is a publisher of newspapers and magazines. Axel Springer was founded in 1946 and is based in Berlin, Germany.

Buy €350M
Investor

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


Deal Context for Investor #
Overall 13 of 92
Sector: Media 2 of 5
Type: Stake Purchase 4 of 5
Country: Germany 1 of 1
Year: 2003 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-02 Axis Capital

Pembroke, Bermuda

Axis Capital is a provider of specialty-lines insurance and treaty reinsurance for customers around the world. Axis maintains operating subsidiaries in Bermuda, Ireland, and the United States. Axis Capital was founded in 2001 and is based in Pembroke, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-01 Michael Foods

Minnetonka, Minnesota, United States

Michael Foods is a producer of value-added food products and service solutions to customers across the foodservice, retail and food ingredient channels. It holds market positions in attractive categories including value-added egg products, refrigerated potato products and cheese and other dairy case products.

Buy $1.1B
Investor

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B 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 Context for Investor #
Overall 18 of 137
Sector: Media 6 of 29
Type: Stake Purchase 4 of 14
Country: Germany 2 of 3
Year: 2003 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 LanguageLine Solutions

Monterey, California, United States

LanguageLine Solutions, Inc. is a provider of over-the-phone interpretation services from English into more than 150 languages, 24 hours a day, seven days a week.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-14 Freedom Communications

Santa Ana, California, United States

Freedom Communications, Inc. is a diversified media company that primarily publishes community newspapers and metropolitan area newspapers and operates broadcast television stations. Freedom owns 28 daily newspapers and 38 weekly newspapers in 11 states with a combined circulation of 1.2 million and 8 broadcast television stations in 7 states. It is the 13th largest newspaper publisher by circulation and one of the largest independent television broadcasters in the U.S.

Buy $2.1B

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