M&A Deal Summary

TDC Group Acquires Get AS

On September 15, 2014, TDC Group acquired media company Get AS from Goldman Sachs Merchant Banking and Quadrangle Group for 2.2B USD

Acquisition Highlights
  • This is TDC Group’s 1st transaction in the Media sector.
  • This is TDC Group’s largest (disclosed) transaction.
  • This is TDC Group’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-09-15
Target Get AS
Sector Media
Buyer(s) TDC Group
Sellers(s) Goldman Sachs Merchant Banking
Quadrangle Group
Deal Type Add-on Acquisition
Deal Value 2.2B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)

Target

Get AS

Oslo, Norway
Get AS (“Get”) is a provider of cable TV, high-speed broadband internet and telephony services to residential customers in Norway. The company serves approximately 375,000 households, with a footprint spanning each of Norway 's five largest cities. Get's core service offering is Pay TV; all of its customers subscribe to it. It also offers broadband and voice services. Get operates a fully digitized network, and is the only significant local loop provider outside of telecom incumbent Telenor.

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Buyer(S) 1

Buyer

TDC Group

Copenhagen, Denmark
Category Company
Founded 1882
Sector Communications
Employees7,111
Revenue 16.1B DKK (2020)
DESCRIPTION

TDC Group is a provider of communications and entertainment solutions. TDC Group has become two companies, each with its own core areas, which work towards a digital future, TDC NET delivers the best mobile network and the fastest fixed-line connections – and represents Denmark’s digital future with a roll-out of fiber and 5G. Nuuday is the leading service provider of digital services within TV, broadband, network, and telephony for private customers and businesses and consists of nine-strong brands.

DEAL STATS #
Overall 6 of 8
Sector (Media) 1 of 1
Type (Add-on Acquisition) 6 of 8
Country (Norway) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-11 OnFone ApS

Copenhagen, Denmark

OnFone ApS is a mobile telephony and wireless Internet solutions and services provider.

Buy kr.300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 Cirque A/S

Copenhagen, Denmark

Cirque A/S is a provider of cloud based communication solutions with seamless integration to Office 365.

Buy -

Seller(S) 2

SELLER

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 53 of 110
Sector (Media) 3 of 4
Type (Add-on Acquisition) 14 of 37
Country (Norway) 1 of 1
Year (2014) 8 of 10
Size (of disclosed) 12 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Ipreo Holdings

New York, New York, United States

Ipreo Holdings LLC is a global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo was founded in 1985 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 SPARTA Insurance Holdings

Hartford, Connecticut, United States

SPARTA Insurance Holdings, Inc. provides property and casualty insurance for specialty and alternative risk programs.

Sell -
SELLER

Quadrangle Group

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 18 of 20
Sector (Media) 6 of 6
Type (Add-on Acquisition) 7 of 8
Country (Norway) 1 of 1
Year (2014) 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Sell €7.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Hargray Communications Group

Hilton Head, South Carolina, United States

Hargray Communications Group, Inc. is a telecommunications provider serving southeastern South Carolina and northeastern Georgia. The company's operations include traditional telephone carrier services, internet services, cable television, wireless telephone, and a telephone directory publishing operation. Hargray Communications Group was founded in 1949 and is based in Hilton Head, South Carolina.

Sell -
Mergr

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