M&A Deal Summary

Zonda Acquires Hanley Wood

On December 12, 2018, Zonda acquired media company Hanley Wood from Tennenbaum Capital Partners and Oaktree Capital Management

Acquisition Highlights
  • This is Zonda’s 1st transaction in the Media sector.
  • This is Zonda’s 1st transaction in the United States.
  • This is Zonda’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2018-12-12
Target Hanley Wood
Sector Media
Buyer(s) Zonda
Sellers(s) Tennenbaum Capital Partners
Oaktree Capital Management
Deal Type Merger
Advisor(s) Evercore Group (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Hanley Wood

Washington, District of Columbia, United States
Hanley Wood is a media and information company serving the housing and commercial design and construction industries. Hanley Wood provides magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions. Hanley Wood was founded in 1976 and is based in Washington. District of Columbia.

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Buyer(S) 1

Buyer

Zonda

Newport Beach, California, United States
Category Company
Sector Information Services
Employees150
Revenue 16M USD (2017)
DESCRIPTION

Zonda is a provider of data for residential real estate development and new home construction through its mobile-first platform, Zonda, and an advisor to the real estate development industry. Zonda is based in Newport Beach, California.

DEAL STATS #
Overall 1 of 7
Sector (Media) 1 of 1
Type (Merger) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Belfiore Real Estate Consulting

Phoenix, Arizona, United States

Belfiore Real Estate Consulting is a full-service residential market research firm helping customers access expert advice and builder data for real-time market clarity.

Buy -

Seller(S) 2

SELLER

Tennenbaum Capital Partners

Santa Monica, California, United States
Category Asset Manager
Founded 1999
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Tennenbaum Capital Partners' headquarters in Santa Monica, California.
Tennenbaum Capital Partners' headquarters in Santa Monica, California.

Tennenbaum Capital Partners is a private investment group focused on providing financing solutions to middle-market companies in a variety of sectors. The Firm separates its activity into two segments - performing and distressed. The performing group looks to invest $10 to $125 million to support recapitalizations, LBOs, acquisitions, and growth capital needs of companies valued between $100 million and $1.5 billion. The special situations group looks to provide $20 to $125 million to support rescue needs, as well as fund complex situations or secondary market purchases. Tennenbaum primarily considers opportunities in North America and Europe, but will consider other geographies. Tennenbaum Capital Partners was formed in 1999 and is based in Santa Monica, California.

DEAL STATS #
Overall 8 of 9
Sector (Media) 1 of 1
Type (Merger) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 7 of 8
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Globecomm Systems

Hauppauge, New York, United States

Globecomm Systems, Inc. is a developer and managing network complex communications solutions with a strong track record of growth and innovative engineering that leverages its global communications network. Globecomm Systems, Inc. was founded in 1994 and is based in Hauppauge, New York.

Sell $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Cognate BioServices

Memphis, Tennessee, United States

Cognate BioServices, Inc. is a fully-integrated contract bioservices organization that provides a systematic level of scientific and management expertise. Cognate provides full development and cGMP manufacturing services to companies and institutions engaged in the development and manufacture of cell-based products. Cognate BioServices was founded in 2002 and is based in Memphis, Tennessee.

Sell $875M
SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 61 of 77
Sector (Media) 1 of 1
Type (Merger) 3 of 3
State (District of Columbia) 1 of 1
Country (United States) 45 of 53
Year (2018) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Eolia

Madrid, Spain

Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Watco

Pittsburg, Kansas, United States

Watco is a transportation company providing transportation, terminal and port, mechanical, and supply chain services for customers throughout North America and Australia. Watco’s Transportation Services group is one of the largest short-line rail transportation service providers in the U.S. and Australia. Watco’s Terminal and Port Services group operates throughout the U.S. and Mexico. Watco’s Mechanical Service group has one of the largest rail car repair shop networks in North America, and Watco Supply Chain Services group provides supply chain services in the highway, intermodal, rail logistics, and international logistics.

Buy -
Mergr

Product

Company

Legal