M&A Deal Summary

Rizvi Traverse Management Acquires SESAC

On January 2, 2013, private equity firm Rizvi Traverse Management acquired digital media company SESAC for 600M USD

Acquisition Highlights
  • This is Rizvi Traverse Management’s 1st transaction in the Digital Media sector.
  • This is Rizvi Traverse Management’s largest (disclosed) transaction.
  • This is Rizvi Traverse Management’s 7th transaction in the United States.
  • This is Rizvi Traverse Management’s 1st transaction in Tennessee.
Investment Fate
  • SESAC was sold to a consortium of financial buyers in 2017.

M&A Deal Summary
Date 2013-01-02
Target SESAC
Sector Digital Media
Buyer(s) Rizvi Traverse Management
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 600M USD

Target

SESAC

Nashville, Tennessee, United States
SESAC is a Music Rights Organization that administers public performance, mechanical, synchronization and other rights. SESAC offers singular licenses for the works of its affiliated writers and publishers that aggregate both performance and mechanical rights in order to drive greater efficiency in licensing for music users, as well as enhanced value for music creators and publishers. SESAC was founded in 1930 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Rizvi Traverse Management

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Rizvi Traverse Management is an investment group that provides a variety of financing solutions. The Firm's Private Equity practice seeks opportunities across all industries and targets growth capital situations, turnarounds, bankruptcies, privatizations, PIPEs, and acquisition financings. Rizvi is based in Birmingham, Michigan.

DEAL STATS #
Overall 7 of 8
Sector (Digital Media) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Tennessee) 1 of 1
Country (United States) 7 of 8
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-17 Block

San Francisco, California, United States

Block is a financial services and mobile payments company that provides a range of services to help businesses manage their payments, including hardware and software solutions for point-of-sale transactions, online payments, and invoicing. The Company's flagship product is the Square Reader, a small device that attaches to smartphones or tablets to enable credit and debit card payments. Block was formed in 2009 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 RealD

Beverly Hills, California, United States

RealD is a designer, manufacturer, marketer, and licensing of premier 3D visualization technologies for the theatrical, scientific, medical, and soon-to-be consumer electronic marketplace. RealD was founded in 2002 and is based in Beverly Hills, California.

Buy $551M
Mergr

Product

Company

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