M&A Deal Summary

The Blackstone Group and Jefferies Capital Partners Acquire SESAC

On January 4, 2017, private equity firms The Blackstone Group and Jefferies Capital Partners acquired digital media company SESAC from Rizvi Traverse Management

Acquisition Highlights
  • This is The Blackstone Group’s 1st and Jefferies Capital Partners’ 1st transaction in the Digital Media sector.
  • This is The Blackstone Group’s 136th and Jefferies Capital Partners’ 24th transaction in the United States.
  • This is The Blackstone Group’s 7th and Jefferies Capital Partners’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2017-01-04
Target SESAC
Sector Digital Media
Buyer(s) The Blackstone Group
Jefferies Capital Partners
Sellers(s) Rizvi Traverse Management
Deal Type Secondary Buyout
Advisor(s) Allen & Company (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

SESAC

Nashville, Tennessee, United States
SESAC is a Music Rights Organization that administers public performance, mechanical, synchronization and other rights. SESAC offers singular licenses for the works of its affiliated writers and publishers that aggregate both performance and mechanical rights in order to drive greater efficiency in licensing for music users, as well as enhanced value for music creators and publishers. SESAC was founded in 1930 and is based in Nashville, Tennessee.

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Buyer(S) 2

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 215 of 337
Sector (Digital Media) 1 of 2
Type (Secondary Buyout) 34 of 80
State (Tennessee) 7 of 8
Country (United States) 136 of 211
Year (2017) 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Tradesmen International

Macedonia, Ohio, United States

Tradesmen International is a provider of contingent skilled craftsmen to commercial construction and industrial contractor customers across 93 offices in 39 states and Canada. Tradesmen International was formed in 1992 and is based in Macedonia, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Alight Solutions

Lincolnshire, Illinois, United States

Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Lincolnshire, Illinois.

Buy $4.8B
Buyer

Jefferies Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.

DEAL STATS #
Overall 25 of 29
Sector (Digital Media) 1 of 1
Type (Secondary Buyout) 5 of 8
State (Tennessee) 1 of 1
Country (United States) 24 of 27
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 NeuStar

Reston, Virginia, United States

NeuStar is a global information services provider driving the connected world forward with trusted, holistic identity resolution. The company serves many of the world’s brands to grow and guard their businesses with the most complete understanding of how to connect people, places, and things. The combination of Neustar’s unique, accurate and real-time identity system and its cloud-based workflow solutions empower businesses to make actionable, precise, and valuable decisions across marketing, risk, IT/security, network & operations departments. As the current sole provider to the U.S. Number Portability Administration Center, Neustar also facilitates the routing of all telephone call and text messages in the U.S. NeuStar was formed in 1996 and is based in Sterling, Virginia.

Buy $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Industrial Container Services

Montebello, California, United States

Industrial Container Services is a provider of reusable container solutions in the United States, providing new and reconditioned steel, plastic, and fiber drums. With 49 facilities across the United States and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually and is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally. Industrial Container Services is based in Montebello, California.

Buy -

Seller(S) 1

SELLER

Rizvi Traverse Management

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Rizvi Traverse Management is an investment group that provides a variety of financing solutions. The Firm's Private Equity practice seeks opportunities across all industries and targets growth capital situations, turnarounds, bankruptcies, privatizations, PIPEs, and acquisition financings. Rizvi is based in Birmingham, Michigan.

DEAL STATS #
Overall 5 of 7
Sector (Digital Media) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Tennessee) 1 of 1
Country (United States) 5 of 7
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-19 Block

San Francisco, California, United States

Block is a financial services and mobile payments company that provides a range of services to help businesses manage their payments, including hardware and software solutions for point-of-sale transactions, online payments, and invoicing. The Company's flagship product is the Square Reader, a small device that attaches to smartphones or tablets to enable credit and debit card payments. Block was formed in 2009 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 ICM Partners

Los Angeles, California, United States

ICM Partners is a talent and literary agency. ICM represents clients in the fields of motion pictures, television, music, publishing, live performance, branded entertainment, and new media. ICM Partners was established in 1975 and is based in Los Angeles, California.

Sell -
Mergr

Product

Company

Legal