M&A Deal Summary

Vyve Broadband Acquires Allegiance Communications

On January 16, 2013, Vyve Broadband acquired communications company Allegiance Communications from Wicks Group and BIA Digital Partners

Acquisition Highlights
  • This is Vyve Broadband’s 1st transaction in the Communications sector.
  • This is Vyve Broadband’s 1st transaction in the United States.
  • This is Vyve Broadband’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2013-01-16
Target Allegiance Communications
Sector Communications
Buyer(s) Vyve Broadband
Sellers(s) Wicks Group
BIA Digital Partners
Deal Type Add-on Acquisition

Target

Allegiance Communications

Shawnee, Oklahoma, United States
Allegiance Communications LLC is a regional cable operator providing video, high-speed data and other broadband services.

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Buyer(S) 1

Buyer

Vyve Broadband

Purchase, New York, United States
Category Company
Founded 2012
Sector Communications
DESCRIPTION

Vyve Broadband is a broadband platform focused on non-urban markets in Oklahoma, Kansas, Texas, and Arkansas.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-04 Mediastream - Cable Systems

United States

Mediastream - Cable Systems provides digital television, HD television, Video on Demand, the fastest high speed internet service available in Waycross

Buy -

Seller(S) 2

SELLER

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 11 of 26
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 6 of 13
State (Oklahoma) 1 of 1
Country (United States) 11 of 26
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 Southern Technical College

Orlando, Florida, United States

Southern Technical College is a for-profit vocational college with six campuses located in central Florida. Southern Technical College provides education and training in a variety of medical and technical areas that enable graduates to obtain entry-level employment. Southern Technical College was founded in 2000 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 InSite Street Media

Roswell, Georgia, United States

InSite Street Media is an out-of-home media company with municipal transit and comprehensive street furniture assets in suburban tier one markets. InSite currently operates transit advertising franchises in New York, Los Angeles, Atlanta, Miami – Ft. Lauderdale, Tampa – St. Petersburg and the suburban Washington D.C. area. InSite’s advertising offerings primarily exist on bus shelters, bus wraps and passenger benches. Currently, InSite has over 15,000 advertising faces with a mix of local and national advertising customers.

Sell -
SELLER

BIA Digital Partners

Chantilly, Virginia, United States
Category Mezzanine Finance Firm
Founded 1983
PE ASSETS 283M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BIA Digital Partners is a private investment firm focused on making junior capital investments in businesses serving the media/entertainment, telecommunications, information services, and business services sectors. The Firm has a special interest in companies generating a significant level of recurring revenue. BIA typically invests in businesses valued from $20 to $100 million and revenues $15 to $100 million. Investment proceeds are generally used to pursue organic growth opportunities, make acquisitions, fund management or leveraged buyouts, recapitlizations, and debt refinancings. BIA is licensed as a SBIC and is based in Chantilly, Virginia.

DEAL STATS #
Overall 14 of 23
Sector (Communications) 4 of 7
Type (Add-on Acquisition) 7 of 10
State (Oklahoma) 1 of 1
Country (United States) 14 of 23
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-12 DigitalBridge Communications

Ashburn, Virginia, United States

DigitalBridge Communications Corp. is a telecommunications service provider focused on using WiMAX to deliver broadband services to underserved communities nationwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 Cooking.com

Santa Monica, California, United States

Cooking.com is an on-line retailer focused on high quality cooking related products including: cookware, tableware, cookbooks, and specialty foods. Cooking.com has over 5,000 products in addition to creative content such as articles from prominent chefs, recipes, and cooking advice.

Sell -
Mergr

Product

Company

Legal