M&A Deal Summary

Versa Capital Management Acquires Civitas Media

On September 11, 2012, distressed investor Versa Capital Management acquired publishing company Civitas Media

Acquisition Highlights
  • This is Versa Capital Management’s 3rd transaction in the Publishing sector.
  • This is Versa Capital Management’s 16th transaction in the United States.
  • This is Versa Capital Management’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2012-09-11
Target Civitas Media
Sector Publishing
Buyer(s) Versa Capital Management
Deal Type Consolidation

Target

Civitas Media

Davidson, North Carolina, United States
Civitas Media is a publisher of community newspapers in 12 Midwestern, Mid-Atlantic, and Southern states. The company includes the following media groups: Freedom Central, four daily newspapers in Illinois, Ohio and Missouri; Heartland Publications, 17 daily and 29 weekly papers across Georgia, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Virginia, and West Virginia; Ohio Community Media, with 13 daily and 30 weekly publications across the state of Ohio; and Impressions Media, which operates the Wilkes Barre Times Leader and other local publications in the northeastern Pennsylvania area.

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Buyer(S) 1

Buyer

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 18 of 28
Sector (Publishing) 3 of 3
Type (Consolidation) 1 of 1
State (North Carolina) 2 of 3
Country (United States) 16 of 26
Year (2012) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-11 Impressions Media

Pennsylvania, United States

Impressions Media is a provider of community papers, associated websites and digital media businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Central Parking

Nashville, Tennessee, United States

Central Parking Corp. is a provider of parking services. Central Parking owns, operates and manages multi-level parking facilities and surface lots, and provides parking-related services, including valet, parking meter collection and enforcements, shuttle bus operations, billing services and parking consulting.

Sell -
Mergr

Product

Company

Legal