M&A Deal Summary

The Carlyle Group and Trustar Capital Acquire Focus Media

On December 19, 2012, private equity firms The Carlyle Group and Trustar Capital acquired marketing company Focus Media for 3.7B USD

Acquisition Highlights
  • This is The Carlyle Group’s 8th and Trustar Capital’s 1st transaction in the Marketing sector.
  • This is The Carlyle Group’s 20th and Trustar Capital’s largest (disclosed) transaction.
  • This is The Carlyle Group’s 48th and Trustar Capital’s 5th transaction in China.
Investment Fate
  • Focus Media was sold to a consortium of buyers in 2018.

M&A Deal Summary

Date 2012-12-19
Target Focus Media
Sector Marketing
Buyer(s) The Carlyle Group
Trustar Capital
Deal Type Going Private
Deal Value 3.7B USD

Target

Focus Media

Shanghai, China
website
Focus Media is a multi-platform digital media company, operating LCD display network in China. The Company operates in four business segments: LCD, Poster Frame, In-Store and Movie Theaters. Focus Media was founded in 2003 and is based in Shanghai, China.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 457 of 695
Sector (Marketing) 8 of 12
Type (Going Private) 24 of 33
Country (China) 48 of 59
Year (2012) 35 of 37
Size (of disclosed) 20 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Metaldyne

Plymouth, Michigan, United States

Metaldyne LLC is a designer and supplier of metal-formed components and assemblies for engine and transmission applications including engine connecting rods, transmission valve bodies, crankshaft dampers and pulleys, forged and finished differential gears and assemblies, and balance shaft modules.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 DHS Technologies

Orangeburg, New York, United States

DHS Technologies LLC is a provider of applications in tactical operation centers, vehicle maintenance and workshops, medical and life support, unmanned aerial vehicle hangers and control centers, satellite support systems and mortuary units.

Sell -
Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 18 of 52
Sector (Marketing) 1 of 2
Type (Going Private) 2 of 4
Country (China) 5 of 22
Year (2012) 5 of 5
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Aavid Thermalloy

Concord, New Hampshire, United States

Aavid, through its global network of manufacturing and design centers, provides a broad range of technologically advanced thermal management solutions for aerospace and defense, telecommunication, LED lighting, server, data center, consumer electronics, transportation, and industrial applications to customers all over the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 RAE Systems

San Jose, California, United States

RAE Systems, Inc. is a provider of rapidly deployable, connected and intelligent gas, volatile organic compounds (VOCs) and radiation-detection systems that enable real-time safety- and security-threat detection.

Sell $340M