M&A Deal Summary

The National Broadcasting Company Acquires Telemundo Communications Group

On April 12, 2002, The National Broadcasting Company acquired media company Telemundo Communications Group from Catalyst Investors, Alta Equity Partners and ACON Investments for 2.7B USD

Acquisition Highlights
  • This is The National Broadcasting Company’s 1st transaction in the Media sector.
  • This is The National Broadcasting Company’s largest (disclosed) transaction.
  • This is The National Broadcasting Company’s 1st transaction in the United States.
  • This is The National Broadcasting Company’s 1st transaction in Florida.

M&A Deal Summary
Date 2002-04-12
Target Telemundo Communications Group
Sector Media
Buyer(s) The National Broadcasting Company
Sellers(s) Catalyst Investors
Alta Equity Partners
ACON Investments
Deal Type Add-on Acquisition
Deal Value 2.7B USD

Target

Telemundo Communications Group

Hialeah, Florida, United States
Telemundo Communications Group, Inc. is an American television network that broadcasts in Spanish. The network is the second-largest Spanish-language content producer in the world.

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Buyer(S) 1

Buyer

The National Broadcasting Company

New York, United States
Category Company
Founded 1926
Sector Media
DESCRIPTION

The National Broadcasting Company is an American commercial broadcast television and radio network.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 3

SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.

DEAL STATS #
Overall 12 of 38
Sector (Media) 3 of 4
Type (Add-on Acquisition) 5 of 19
State (Florida) 2 of 3
Country (United States) 12 of 36
Year (2002) 2 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Alaska Native Wireless

Anchorage, Arkansas, United States

Alaska Native Wireless LLC develop wireless systems and to purchase C and F block PCS licenses auctioned by the FCC.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-22 Reiman Holding Company

Greendale, Wisconsin, United States

Reiman Holding Company LLC is a publisher of consumer magazines and related books, including the magazines Taste of Home and Quick Cooking, which are two of the largest cooking magazines in the U.S. based on circulation.

Sell $760M
SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 23 of 45
Sector (Media) 9 of 19
Type (Add-on Acquisition) 21 of 36
State (Florida) 2 of 5
Country (United States) 22 of 43
Year (2002) 3 of 3
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-11 Cypress Communications

Atlanta, Georgia, United States

Cypress Communications is an on-demand communication solution provider in 29 major metropolitan U.S. markets, connecting more than 120,000 employees for over 8,500 small and mid-sized businesses in commercial office buildings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 JW Broadcasting

Atlanta, Georgia, United States

JW Broadcasting LLC is an operator of television platform company formed in May 2003 to acquire under-performing television stations in small to mid-sized markets. The Company's initial acquisition is a triopoly in Columbia - Jefferson City, MO consisting of a FOX affiliate, ABC affiliate, and UPN affiliate. JW Broadcasting was founded in 2003 and is based in Atlanta, Georgia.

Buy -
SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 2 of 30
Sector (Media) 1 of 2
Type (Add-on Acquisition) 1 of 15
State (Florida) 1 of 2
Country (United States) 2 of 20
Year (2002) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 Florimex International BV

Aalsmeer, Netherlands

Florimex is one of the largest distributors of fresh cut flowers, bouquets, potted plants and decorative foliage in Europe and one of the leaders in its sector around the world. The company is headquartered in the Netherlands and operates 20 subsidiaries involved in various segments of the flower, plant and foliage value chains.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-03 Signal International

Pascagoula, Mississippi, United States

Acquired by ACON out of the bankruptcy estate of Freide Goldman Halter following their Chapter 11 bankruptcy, Signal International is a leading provider of conversion, retrofit, construction and repair services for offshore oil platforms in the Gulf of Mexico.

Buy -
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