M&A Deal Summary

Roku Acquires This Old House Ventures

On March 19, 2021, Roku acquired media company This Old House Ventures from TZP Group for 98M USD

Acquisition Highlights
  • This is Roku’s 2nd transaction in the Media sector.
  • This is Roku’s 2nd largest (disclosed) transaction.
  • This is Roku’s 4th transaction in the United States.
  • This is Roku’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-03-19
Target This Old House Ventures
Sector Media
Buyer(s) Roku
Sellers(s) TZP Group
Deal Type Add-on Acquisition
Deal Value 98M USD

Target

This Old House Ventures

Stamford, Connecticut, United States
This Old House Ventures is a multi-platform home improvement brand that offers homeowners trusted information and expert advice through two highly rated and award-winning television series, one of the category’s major and fastest-growing online destinations, a highly regarded magazine and comprehensive line of books, as well as capabilities that include custom video production, digital marketing, brand licensing, live events and custom publishing. This Old House Ventures was established in 1979 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Roku

San Jose, California, United States
Category Company
Founded 2002
Sector Technology Hardware
Employees3,150
Revenue 3.5B USD (2023)
DESCRIPTION
Roku office in Los Gatos, California.
Roku office in Los Gatos, California.

Roku is a developer of internet connected devices for streaming media. Roku also works in partnership with streaming services for distribution to customers globally. Roku was formed in 2002 and is based in San Jose, California.

DEAL STATS #
Overall 4 of 4
Sector (Media) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 4 of 4
Year (2021) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Nielsen - Advanced Video Advertising Business

New York, New York, United States

Nielsen’s Advanced Video Advertising (AVA) business includes Nielsen’s video automatic content recognition (ACR) and dynamic ad insertion (DAI) technologies.

Buy -

Seller(S) 1

SELLER

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 13 of 16
Sector (Media) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Connecticut) 1 of 1
Country (United States) 13 of 15
Year (2021) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Constellation Advisers

New York, New York, United States

Constellation Advisers is a provider of outsourced CFO, accounting, operational, regulatory and compliance support services to a range of alternative and traditional investment management firms and their investors, including private equity funds, hedge funds, credit funds, venture capital funds, family offices, mutual funds, fund of funds, among others. Constellation Advisers was established in 2008 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Kindred Bravely

Oceanside, California, United States

Kindred Bravely is a provider of maternity and nursing basics apparel. Kindred Bravely is a digitally-native, direct-to-consumer brand focused on basics apparel for pregnant and nursing mothers. The Company's products span multiple categories, including bras, loungewear, underwear, and sleepwear, amongst others.

Buy -
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