M&A Deal Summary

Trinity Hunt Partners and Capstar Partners Acquire DMX

On June 9, 2005, private equity firm Trinity Hunt Partners and growth capital firm Capstar Partners acquired media company DMX for 75M USD

Acquisition Highlights
  • This is Trinity Hunt Partners’ 1st and Capstar Partners’ 1st transaction in the Media sector.
  • This is Trinity Hunt Partners’ and Capstar Partners’ largest (disclosed) transaction.
  • This is Trinity Hunt Partners’ 3rd and Capstar Partners’ 1st transaction in the United States.
  • This is Trinity Hunt Partners’ 1st and Capstar Partners’ 1st transaction in Texas.
Investment Fate
  • DMX was sold to a publicly-traded strategic buyer in 2012 for 86M USD.
  • DMX was sold to a strategic buyer in 2012 for 86M USD.

M&A Deal Summary

Date 2005-06-09
Target DMX
Sector Media
Buyer(s) Trinity Hunt Partners
Capstar Partners
Deal Type Special Situations/Distressed
Deal Value 75M USD

Target

DMX

Austin, Texas, United States
website
DMX, Inc. is a provider of business music programming to customers, primarily in the retail and hospitality industries. The company distributes its programming and related services worldwide to over 180,000 business locations via satellite, DVD, the Internet and digital cable.

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Buyer(S) 2

Buyer

Trinity Hunt Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Trinity Hunt Partners is a private equity firm focused on investing in lower middle-market companies throughout US. Trinity targets established companies with EBITDA of $4 to $25 million and investment size between $15 and $50 million of equity invested into each portfolio company. Specific areas of interest include business, healthcare, and consumer services. The Firm focuses on majority and significant minority recapitalizations, buy-and- builds, management buyouts. Trinity Hunt Partners was founded in 1993 and is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 32
Sector (Media) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Texas) 1 of 16
Country (United States) 3 of 31
Year (2005) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 Sunrise Behavioral Health

Franklin, Tennessee, United States

Sunrise Behavioral Health operated psychiatric units in rural hospitals primarily treating depression in elderly patients. Transition Capital grew the company from four units, since the acquisition, to 33 units.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 LoneStar Group

Wednesbury, United Kingdom

LoneStar Group is a manufacturer of specialty fasteners and gaskets that are primarily used in extreme temperature, high-pressure and corrosive environments such as sub-sea petroleum exploration and production systems as well as petroleum and petrochemical refineries. LSP Holding was established in 1960 and is based in Wednesbury, United Kingdom.

Buy $34M
Buyer

Capstar Partners

Austin, Texas, United States

website


Category Growth Capital Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Capstar Partners is a private equity firm focused on small and mid-sized buyouts, real estate transactions, and public investing. In addition to real estate target sectors include media/broadcasting, healthcare, e-commerce, and financial services. Capstar was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 4
Sector (Media) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Texas) 1 of 3
Country (United States) 1 of 4
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Andrew Harper Travel

Westmont, Illinois, United States

Andrew Harper Travel is a full-service luxury travel agency that specializes in bespoke travel experiences offering everything from commercial air and private jets to custom tours, villas, spas, and cruises. Andrew Harper Travel was founded in 1979 and is based in Westmont, Illinois.

Buy -