M&A Deal Summary

Yellow Book USA Acquires TransWestern Publishing

On July 21, 2005, Yellow Book USA acquired publishing company TransWestern Publishing from Thomas H. Lee Partners and CIVC Partners for 1.6B USD

Acquisition Highlights
  • This is Yellow Book USA’s 2nd transaction in the Publishing sector.
  • This is Yellow Book USA’s largest (disclosed) transaction.
  • This is Yellow Book USA’s 2nd transaction in the United States.
  • This is Yellow Book USA’s 1st transaction in California.

M&A Deal Summary

Date 2005-07-21
Target TransWestern Publishing
Sector Publishing
Buyer(s) Yellow Book USA
Sellers(s) Thomas H. Lee Partners
CIVC Partners
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

TransWestern Publishing

San Diego, California, United States
TransWestern Publishing Company, LLC operates as an independent yellow page directory publisher in the United States.

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Buyer(S) 1

Buyer

Yellow Book USA

New York,, New York, United States

Category Company
Sector Publishing
DESCRIPTION

Yellow Book Largest independent publisher of yellow pages directories in the U.S. Published over 250 directories with a combined circulation of 13 million in New York, New Jersey, Pennsylvania, Florida, Delaware, Maryland, Virginia, and Washington, DC.


DEAL STATS #
Overall 2 of 3
Sector (Publishing) 2 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 2 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-15 Gannett Community Directories

New Jersey, United States

Gannett Community Directories, with offices in Paramus, NJ, had been the independent yellow pages publisher in the state of New Jersey. Their NJ directories have been publishing since 1952.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-08 Paradise Media Group

Aiea, Hawaii, United States

Paradise Media Group is a independent publisher of telephone directories in the state of Hawaii. The company published directories that covered the primary population and tourist centers throughout the islands.

Buy -

Seller(S) 2

SELLER

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 8 of 54
Sector (Publishing) 1 of 2
Type (Add-on Acquisition) 4 of 18
State (California) 1 of 2
Country (United States) 5 of 45
Year (2005) 2 of 2
Size (of disclosed) 9 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-09 FIS Global

Jacksonville, Florida, United States

FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.

Buy $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Buy €2.3B
SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 48
Sector (Publishing) 3 of 3
Type (Add-on Acquisition) 5 of 14
State (California) 3 of 7
Country (United States) 21 of 47
Year (2005) 2 of 3
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-21 Wastequip

Charlotte, North Carolina, United States

Wastequip is a North American manufacturer of waste and recycling equipment, with an international network of manufacturing facilities and the most extensive dealer network in the industry. Wastequip's broad range of waste and recycling equipment and systems is used to collect, process and transport recyclables, solid waste, liquid waste and organics. The Company's brands include Wastequip, Toter, Galbreath, Pioneer, Mountain Tarp, Cusco, Go To Parts, and Accurate. Wastequip was founded in1989 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-26 Norcross Safety Products

Cranston, Rhode Island, United States

Norcross Safety Products a designer, manufacturer and marketer of branded products in the personal protection equipment industry. The Company manufactures and markets a full line of personal protection equipment for workers in the general safety, domestic preparedness, fire service and utility/high voltage industries. The Company sells products under trusted, long-standing and well-recognized brand names, including North, Morning Pride, Ranger, Servus, Pro-Warrington and Salisbury.

Sell $472M