M&A Deal Summary

Scripps Networks Interactive Acquires Asian Food Channel Networks Pte.

On April 15, 2013, Scripps Networks Interactive acquired media company Asian Food Channel Networks Pte. from Symphony International Holdings Limited

Acquisition Highlights
  • This is Scripps Networks Interactive’s 2nd transaction in the Media sector.
  • This is Scripps Networks Interactive’s 1st transaction in Singapore.

M&A Deal Summary

Date 2013-04-15
Target Asian Food Channel Networks Pte.
Sector Media
Buyer(s) Scripps Networks Interactive
Sellers(s) Symphony International Holdings Limited
Deal Type Add-on Acquisition

Target

Asian Food Channel Networks Pte.

Symbiosis, Singapore
AFC Networks Pte. Ltd. operates the Asian Food Channel, the first and only regional 24-hour TV channel broadcasting food and lifestyle programming in the Asia Pacific region. This channel began broadcasting in July 2005 and currently airs in Hong Kong and most of the South East Asian countries. The company is presently focused on expanding its geographical reach while selectively producing proprietary content in collaboration with sponsors.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Scripps Networks Interactive

Knoxville, Tennessee, United States

Category Company
Founded 2008
Sector Media
Employees3,500
Revenue 3.4B USD (2016)
DESCRIPTION
Entrance to Scripps Networks' corporate headquarters in Knoxville, Tennessee.
Entrance to Scripps Networks' corporate headquarters in Knoxville, Tennessee.

Scripps Networks Interactive, Inc. is a developer of lifestyle oriented content for many media platforms including television, digital, mobile and publishing. Its portfolio of lifestyle brands include HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country. Scripps was founded in 2008 and is based in Knoxville, Tennessee.


DEAL STATS #
Overall 5 of 8
Sector: Media M&A 2 of 5
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Singapore M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 RealGravity

San Francisco, California, United States

RealGravity, Inc. is a specialist in online video publishing technologies. RealGravity develops an innovative platform that manages and publishes video content.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 TVN SA

Warsaw, Poland

TVN SA is a provider of media and broadcasting services in Poland.

Buy €584M

Seller(S) 1

SELLER
DESCRIPTION

Symphony International Holdings Limited is a publicly-traded investment firm focused on private-equity transactions across Asia and the Pacific. The Firm will consider investments in India, China, Australia, Indonesia, Malaysia, Singapore, Taiwan, Thailand and the emerging markets of Vietnam and Sri Lanka. Symphony targets growth oriented consumer businesses in the healthcare, hospitality, and lifestyle sectors. The Firm prefers control investment situations. Symphony was formed in 2004 and is based in Singapore, with an additional office in Hong Kong.


DEAL STATS #
Overall 2 of 4
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 3
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 Maison Takuya

Singapore

Maison Takuya is a boutique luxury leather goods brand that is renowned for its hand-crafted leather products and accessories. Its products are sold at many of the world’s high-end stores, including Bergdorf Goodman, in New York, and Hankyu MEN'S, in Tokyo. Its network now covers retailers in nine countries, including Australia, France, Japan, Singapore, Switzerland, Thailand, the United Arab Emirates, and the US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Maison Takuya

Singapore

Maison Takuya is a boutique luxury leather goods brand that is renowned for its hand-crafted leather products and accessories. Its products are sold at many of the world’s high-end stores, including Bergdorf Goodman, in New York, and Hankyu MEN'S, in Tokyo. Its network now covers retailers in nine countries, including Australia, France, Japan, Singapore, Switzerland, Thailand, the United Arab Emirates, and the US.

Sell -