M&A Deal Summary

Regent Acquires Cheddar Media

On December 29, 2023, private equity firm Regent acquired digital media company Cheddar Media from Altice

Acquisition Highlights
  • This is Regent’s 1st transaction in the Digital Media sector.
  • This is Regent’s 12th transaction in the United States.
  • This is Regent’s 4th transaction in New York.

M&A Deal Summary
Date 2023-12-29
Target Cheddar Media
Sector Digital Media
Buyer(s) Regent
Sellers(s) Altice
Deal Type Divestiture

Target

Cheddar Media

New York, New York, United States
Cheddar Media is a post-cable networks company. Cheddar currently broadcasts two live video news networks: Cheddar Business, which covers the most innovative executives, founders, products, and technologies transforming our lives and economy. Cheddar Media was founded in 2016 and is based in New York City.

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Buyer(S) 1

Buyer

Regent

Category Private Equity Firm
Founded 2013
Size Large
Type Sector Agnostic
DESCRIPTION

Regent L.P. is a private equity firm focused on control investments in small to large-sized companies with $10 to $750 million of revenue. The Firm has a particular interest in companies with strong brands. Broad sectors of interest include technology, consumer products, industrial, and media/entertainment. Prospective transaction situations include non-core or non-strategic divestitures and buyouts. Regent L.P. was established in 2013 and is headquartered in Beverly Hills, California.

DEAL STATS #
Overall 19 of 21
Sector (Digital Media) 1 of 1
Type (Divestiture) 17 of 19
State (New York) 4 of 4
Country (United States) 12 of 13
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Intermix

New York, New York, United States

Intermix is a multi-brand specialty retailer of contemporary women’s apparel. Intermix sets itself apart from the competition by merchandising a mix of established, luxury designer labels alongside a large number of fashion-forward, up-and-coming designer labels. The company’s merchandising mandate is to be cutting edge and at the forefront of the latest trends. Intermix was formed in 1993 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 CrossKnowledge

London, United Kingdom

CrossKnowledge provides subscription-based, digital learning solutions for multinational corporations, universities, and small and medium-sized enterprises. CrossKnowledge was formed in 2000 and is headquartered in London, England.

Buy -

Seller(S) 1

SELLER

Altice

Long Island City, New York, United States
Category Company
Founded 2015
Sector Media
Employees10,600
Revenue 9.2B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 4
Sector (Digital Media) 1 of 1
Type (Divestiture) 3 of 3
State (New York) 3 of 3
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Morris Broadband

Hendersonville, North Carolina, United States

Morris Broadband is a broadband communications services company providing high-speed data, video, and voice services to approximately 36,500 residential and business customers in western North Carolina.

Buy $310M
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