M&A Deal Summary |
|
|---|---|
| Date | 2013-07-01 |
| Target | Local TV |
| Sector | Media |
| Buyer(s) | Tribune Media |
| Sellers(s) |
Geolo Capital
Oak Hill Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.7B USD |
| Advisor(s) | Moelis & Co. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1847 |
| Sector | Media |
| Employees | 8,000 |
| Revenue | 1.8B USD (2017) |
Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Media) | 2 of 3 |
| Type (Add-on Acquisition) | 3 of 4 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 5 of 7 |
| Year (2013) | 1 of 3 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-29 |
Newsday
Melville, New York, United States Newsday is a daily newspapers, serving Long Island and New York City. In addition to the newspaper and Newsday.com, Newsday Media Group includes amNewYork, the fast-growing free daily in New York City with an average weekday circulation of 335,000, plus the Star Community Publishing Group of weekly shoppers and Island Publications' portfolio of lifestyle magazines. |
Buy | $650M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-20 |
Chicago Tribune
Chicago, Illinois, United States Chicago Tribune Company a multi-platform company, publishes newspaper and a magazine. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Geolo Capital is the private equity investment arm of The John A. Pritzker family. Geolo specializes in growth capital and buyout investments in middle market companies throughout the US. Areas of interests include hospitality, entertainment, health/wellness, and consumer products/services. Geolo Capital is based in San Francisco.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 9 |
| Sector (Media) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 6 of 9 |
| Year (2013) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-01 |
Joie de Vivre
San Francisco, California, United States Joie de Vivre manages a portfolio of creative lifestyle businesses including hotels, restaurants and spas. JdV is the second largest independent boutique hotel company in the country and California’s largest boutique hotel collection. With more than 30 properties in the state, Joie de Vivre Hotels offer a wide range of unique urban, suburban and resort boutique hotels that cater to leisure and business travelers in all market segments. Joie de Vivre was founded in 1987 and is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-06 |
Two Roads Hospitality
San Francisco, New York, United States Two Roads Hospitality brings together thirty-three boutique hotels operated by Joie de Vivre Hospitality and twelve luxury Thompson Hotels. Two Roads Hospitality was founded in 2011 and is based in San Francisco, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 9.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 55 |
| Sector (Media) | 1 of 1 |
| Type (Add-on Acquisition) | 12 of 23 |
| State (Kentucky) | 2 of 2 |
| Country (United States) | 23 of 46 |
| Year (2013) | 2 of 4 |
| Size (of disclosed) | 2 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-28 |
Highway Technologies
Houston, Texas, United States Highway Technologies, Inc. is a provider of traffic safety services and equipment for the road repair, construction and maintenance industry. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-16 |
Security Networks
West Palm Beach, Florida, United States Security Networks is a provider of home security solutions in the U.S. specializing in the sale, installation, maintenance, and monitoring of electronic security alarm systems. |
Sell | $483M |
