M&A Deal Summary

SunTx Capital Partners, Constitution Capital Partners and Monroe Capital Acquire London Broadcasting

On October 17, 2007, private equity firm SunTx Capital Partners, private equity firm Constitution Capital Partners and lender Monroe Capital acquired media company London Broadcasting

Acquisition Highlights
  • This is SunTx Capital Partners’ 1st, Constitution Capital Partners’ 1st and Monroe Capital’s 1st transaction in the Media sector.
  • This is SunTx Capital Partners’ 5th, Constitution Capital Partners’ 3rd and Monroe Capital’s 18th transaction in the United States.
  • This is SunTx Capital Partners’ 2nd, Constitution Capital Partners’ 1st and Monroe Capital’s 2nd transaction in Texas.

M&A Deal Summary

Date 2007-10-17
Target London Broadcasting
Sector Media
Buyer(s) SunTx Capital Partners
Constitution Capital Partners
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

London Broadcasting

Addison, Texas, United States
London Broadcasting is a media company that owns and operates local television and radio stations in small and mid-sized markets in Texas and surrounding states. London Broadcasting was founded in 2007 and is based in Addison, Texas.

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Buyer(S) 3

Buyer

SunTx Capital Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SunTx Capital Partners is a private investment firm that invests in middle-market manufacturing, distribution and service companies based primarily in the Southern regions of the US. Prospective transactions include management buyouts, consolidations, growth equity, recapitalizations, and family successions. Areas of interest include distribution, infrastructure, manufacturing, services, and financial services. SunTx prefers to make control investments. SunTx Capital Partners was formed in 2001 and is based in Dallas, Texas.


DEAL STATS #
Overall 5 of 12
Sector: Media M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 7
State: Texas M&A 2 of 6
Country: United States M&A 5 of 12
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-17 Nouveau Eyewear

Carrollton, Texas, United States

Nouveau Eyewear, Inc. is a provider of quality frames to eyewear retailers, optical laboratories and independent opticians. Nouveau Eyewear is dedicated to offering designs for all lifestyles with innovative features, materials and the highest standard of quality. Nouveau Eyewear was established in 1980 and is based in Carrollton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Veritex Community Bank

Dallas, Texas, United States

Veritex Community Bank is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas metropolitan area. Veritex Community Bank (www.veritexbank.com) is a Texas state-chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. Veritex Community Bank was founded in 2009 and is based in Dallas, Texas.

Buy -
Buyer
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 4 of 89
Sector: Media M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 21
State: Texas M&A 1 of 8
Country: United States M&A 3 of 83
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-09 Canada Cartage

Mississauga, Ontario, Canada

Canada Cartage is a provider of customer-located, dedicated trucking services and warehouse solutions to specific customers and reside at their locations. Canada Cartage was founded in 1914 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-10 Light Tower Rentals

Odessa, Texas, United States

Light Tower Rentals, Inc. is a diversified specialty equipment rental company focused on oil and gas operations in the prolific Permian Basin, with yards in other leading U.S. basins including the SCOOP/STACK, Eagle Ford, Bakken and Marcellus. LTR’s core equipment rental fleet includes mobile natural gas and diesel driven power generators, light towers, mobile housing units, field heaters and fluid handling products, which are all supported by a best in class service platform.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 18 of 135
Sector: Media M&A 1 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 39
State: Texas M&A 2 of 13
Country: United States M&A 18 of 134
Year: 2007 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 MooreCo International Holdings

Temple, Texas, United States

MooreCo is an innovative designer and manufacturer of visual-communication products, technology support equipment, and furniture for the educational and commercial office markets. The Company markets its products through three brand divisions: Best-Rite, Balt and MooreCo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 TLC Health Care Services

Lake Success, New York, United States

TLC Health Care Services include nursing services, rehabilitation services, mental health services, wound management and hospice care. The company has maintained a track record of excellence and dedication to the highest standards in quality care.

Sell -