M&A Deal Summary

Slate Media Group Acquires Telecorps Holdings

On October 31, 2011, Slate Media Group acquired media company Telecorps Holdings from H.I.G. Private Equity

Acquisition Highlights
  • This is Slate Media Group’s 1st transaction in the Media sector.
  • This is Slate Media Group’s 1st transaction in the United States.
  • This is Slate Media Group’s 1st transaction in California.

M&A Deal Summary

Date 2011-10-31
Target Telecorps Holdings
Sector Media
Buyer(s) Slate Media Group
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Telecorps Holdings

Burbank, California, United States
Telecorps Holdings is a provider of technology and services to the entertainment industry.

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Buyer(S) 1

Buyer

Slate Media Group

Burbank, California, United States

Category Company
Sector Media
DESCRIPTION

Slate Media Group is an entertainment technology services company driven to redefine the intersection of technology and creativity. The company provides film and television studios, production companies, independent producers and other content creators with technologies, services and expertise that are crucial to bringing their creative visions to life. At a time when tools and techniques of media production are undergoing revolutionary change, Slate Media Group collaborates with its clients to develop unique solutions to the challenges they face to help them achieve even higher levels of creative excellence and production efficiency.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 30 of 181
Sector: Media M&A 1 of 3
Type: Add-on Acquisition M&A Deals 13 of 72
State: California M&A 2 of 14
Country: United States M&A 30 of 124
Year: 2011 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-16 Progressive Logistics Services

Atlanta, Georgia, United States

Progressive Logistics Services is the national leader in outsourced, productivity-driven workforce solutions designed to enhance supply chain efficiency at client distribution centers. With presence at 100+ sites in nearly every state, PLS provides a broad array of value-added services to some of the largest corporate names in the grocery, foodservice, specialty automotive and retail sectors. Through its innovative, data-driven approach to workforce management and relentless focus on training and safety, PLS is recognized in the industry for its operational excellence and the cost-effectiveness of its client solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Ideal Image Development

Tucson, Arizona, United States

Ideal Image Development, Inc. is a provider of laser hair removal services.

Sell $175M