M&A Deal Summary

Univision Acquires VIX

On February 1, 2021, Univision acquired digital media company VIX from HarbourVest Partners and Spring Lake Equity Partners

Acquisition Highlights
  • This is Univision’s 3rd transaction in the Digital Media sector.
  • This is Univision’s 5th transaction in the United States.
  • This is Univision’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-02-01
Target VIX
Sector Digital Media
Buyer(s) Univision
Sellers(s) HarbourVest Partners
Spring Lake Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Locke Lord (Legal)

Target

VIX

Coral Gables, Florida, United States
VIX, Inc. is an independent digital media company, that creates content that sparks curiosity and adds value to millions of people every day. Our content lives at VIX.com and across a variety of social platforms such as Facebook, Instagram, and YouTube. VIX was formed in 1999 and is based in Coral Gables, Florida.

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Buyer(S) 1

Buyer

Univision

New York, New York, United States

Category Company
Founded 1992
Sector Media
DESCRIPTION

Univision entertains, informs, and empowers U.S. Hispanics with news, sports, and entertainment content across broadcast and cable television, audio, and digital platforms. The company’s top-rated media portfolio includes the Univision and UniMás broadcast networks, as well as cable networks Galavisión and TUDN, the No. 1 Spanish-language sports network in the country. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. Additionally, Uforia, the Home of Latin Music, encompasses 58 owned or operated radio stations, plus 89 affiliates, a live event series, and a robust digital audio footprint. Univision was formed in 1992 and is based in New York, New York.


DEAL STATS #
Overall 5 of 6
Sector (Digital Media) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 G/O Media

New York, New York, United States

G/O Media is a collection of digital-first brands including category-leading sites focused on technology (Gizmodo), car culture (Jalopnik), modern women’s interests (Jezebel), sports (Deadspin), lifestyle (Lifehacker), gaming (Kotaku), African American news and culture (The Root), comedy (The Onion and ClickHole), popular culture (The A.V. Club) and food (The Takeout), as well as eCommerce (deals.kinja.com). G/O Media is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 TelevisaUnivision

Spain

TelevisaUnivision is a Spanish language media company that consists free-to-air channels, pay-TV networks channels and stations, Videocine movie studio and Blim TV subscription video on demand (SVOD) service; and the Televisa trademark. The Company also has Univision’s assets in the United States which includes the Univision and UniMás broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major U.S. Hispanic markets and Puerto Rico, and prominent digital assets including its recently launched AVOD streaming service, PrendeTV.

Buy $4.8B

Seller(S) 2

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 109 of 134
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 45 of 58
State (Florida) 6 of 7
Country (United States) 69 of 85
Year (2021) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Ascender HCM

Mascot, Australia

Ascender HCM is a provider of payroll accounting and personnel management services for organizations. Ascender serves more than 1.3 million employees throughout Asia Pacific Japan with Payroll and Human Capital Management platforms. Ascender HCM was founded in 1976 and is based in Mascot, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Therapy Brands

Birmingham, Alabama, United States

Therapy Brands is a provider of fully-integrated practice management software and EHR solutions for mental and behavioral health providers. Therapy Brand's mission is to provide the best software and tools to manage your practice. Therapy Brands is based in Birmingham, Alabama.

Buy -
DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


DEAL STATS #
Overall 39 of 39
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 23 of 23
State (Florida) 3 of 3
Country (United States) 38 of 38
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 BlueConic

Boston, Massachusetts, United States

BlueConic is a pure-play customer data platform, liberates companies’ first-party data from disparate systems and makes it accessible wherever and whenever it is required to transform customer relationships and drive business growth. BlueConic was founded in 2010 and is based in Boston, Massachusetts.

Buy -