M&A Deal Summary

Time Acquires IPC

On October 1, 2001, Time acquired publishing company IPC from Cinven for 1.2B GBP

Acquisition Highlights
  • This is Time’s 1st transaction in the Publishing sector.
  • This is Time’s largest (disclosed) transaction.
  • This is Time’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2001-10-01
Target IPC
Sector Publishing
Buyer(s) Time
Sellers(s) Cinven
Deal Type Add-on Acquisition
Deal Value 1.2B GBP

Target

IPC

United Kingdom
IPC Ltd. is a publisher of consumer magazines in the UK, published 67 titles in 26 market sectors including women's weeklies, home interest, fashion and TV weeklies.

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Buyer(S) 1

Buyer

Time

New York, New York, United States

Category Company
Founded 1922
Sector Publishing
Employees7,200
Revenue 3.1B USD (2016)
DESCRIPTION

Time, Inc. is a media company that reaches more than 130 million consumers each month across multiple platforms. With influential brands such as TIME, PEOPLE, SPORTS ILLUSTRATED, InStyle, REAL SIMPLE, Wallpaper, Travel + Leisure and Food & Wine, Time Inc. is home to celebrated events and franchises including the FORTUNE 500, TIME 100, SPORTS ILLUSTRATED’s Sportsman of the Year, the Food & Wine Classic in Aspen and the ESSENCE Festival. The company is home to growing media platforms and extensions, including digital video, OTT, television, licensing, international markets, paid products and services and celebrated live events, such as the TIME 100, FORTUNE Most Powerful Women, PEOPLE’s Sexiest Man Alive, SPORTS ILLUSTRATED’s Sportsperson of the Year, the ESSENCE Festival and the FOOD & WINE Classic in Aspen.


DEAL STATS #
Overall 1 of 14
Sector (Publishing) 1 of 2
Type (Add-on Acquisition) 1 of 10
Country (United Kingdom) 1 of 2
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-16 This Old House Ventures

Stamford, Connecticut, United States

This Old House Ventures is a multi-platform home improvement brand that offers homeowners trusted information and expert advice through two highly rated and award-winning television series, one of the category’s major and fastest-growing online destinations, a highly regarded magazine and comprehensive line of books, as well as capabilities that include custom video production, digital marketing, brand licensing, live events and custom publishing. This Old House Ventures was established in 1979 and is based in Stamford, Connecticut.

Buy -

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 58 of 126
Sector (Publishing) 5 of 10
Type (Add-on Acquisition) 10 of 30
Country (United Kingdom) 47 of 72
Year (2001) 1 of 2
Size (of disclosed) 9 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Foseco

Tamworth, United Kingdom

Foseco consisted of five manufacturing and chemical businesses, operating globally, providing services and consumables to the foundry and steel industries.

Buy €326M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-15 Wightlink

Hampshire, United Kingdom

Wightlink is a provider of ferry service between the Isle of Wight and Hampshire. It carries almost five million holidaymakers and Islanders across the Solent every year. It offers 48,000 sailings a year, utilising nine ferries on three routes. Wightlink was founded in 1972 and is based in Hampshire, United KIngdom.

Sell -