M&A Deal Summary

UBM Acquires Canon Communications

On September 16, 2010, UBM acquired business services company Canon Communications from Apprise Media and Spectrum Equity for 287M USD

Acquisition Highlights
  • This is UBM’s 2nd transaction in the Business Services sector.
  • This is UBM’s 3rd largest (disclosed) transaction.
  • This is UBM’s 4th transaction in the United States.
  • This is UBM’s 1st transaction in California.

M&A Deal Summary

Date 2010-09-16
Target Canon Communications
Sector Business Services
Buyer(s) UBM
Sellers(s) Apprise Media
Spectrum Equity
Deal Type Add-on Acquisition
Deal Value 287M USD

Target

Canon Communications

Los Angeles, California, United States
Canon Communications LLC provides IT infrastructure and professional services in Germany and internationally. The company operates in two segments, e-commerce/trade and IT solutions. The e-commerce/trade segment comprises activities based on online, catalogue, telephone, and direct sales of its products. The IT solutions segment offers IT infrastructure and application support services, including IT strategy advice, project planning and implementation, system integration, maintenance, and training services, as well as various services, such as running IT departments.

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Buyer(S) 1

Buyer

UBM

London, United Kingdom

website


Category Company
Founded 1918
Sector Business Services
Employees5,000
Revenue 770M GBP (2015)
DESCRIPTION

UBM is a global events-led marketing service and communications company helping businesses do business by bringing the world’s buyers and sellers together at events, online and in print. UBM was formed in 1918 and is based in London.


DEAL STATS #
Overall 9 of 19
Sector (Business Services) 2 of 6
Type (Add-on Acquisition) 7 of 13
State (California) 1 of 2
Country (United States) 4 of 7
Year (2010) 1 of 1
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-31 HispaniMark

Miami, Florida, United States

HispaniMark LLC is a provider of news distribution and related services for PR agencies and communication professionals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-18 The Consultant Print Group

Miami, Florida, United States

The Consultant Group is your state-of-the-art, full service large digital printing and custom sign making company. Our customers appreciate the great service, Professionalism, responsiveness, and creativity we offer. Depending on the particular job, our diverse collection of equipment allows us to recommend the most cost-effective press for your project, while continually delivering the highest quality work. In addition, the turnaround time for your project will not be delayed while waiting for other projects to fill up the press. The Consultant Group produces each job individually and treats it with the upmost importance, just as each and every customer should be treated.

Sell -

Seller(S) 2

SELLER

Apprise Media

Mill Neck, New York, United States

website


Category Private Equity Firm
Founded 2004
PE ASSETS 200M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Apprise Media is a specialist private equity firm focused on making investments in lower middle-market niche media and information companies. The Firm generally targets businesses that provide targeted information versus general entertainment. Apprise has strong interest in media companies where there is an opportunity to extend the assets into digital media products. Apprise looks to invest between $20 and $75 million of equity capital in businesses with minimum annual revenues of $25 million and EBITDA greater than $5 million. Apprise is sponsored by private equity firm Spectrum Equity Investors. Apprise Media was formed in 2004 and is based in New York.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Penton Media

New York, New York, United States

Penton Media, Inc. is an information services and marketing company. Penton’s products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs.

Sell -
SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 4.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 23 of 70
Sector (Business Services) 4 of 7
Type (Add-on Acquisition) 15 of 43
State (California) 2 of 11
Country (United States) 22 of 63
Year (2010) 3 of 3
Size (of disclosed) 22 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Sidera Networks

New York, New York, United States

Sidera Networks, Inc. is a provider of tailored, high capacity communications services that ensure optimal business performance to carrier and enterprise customers. Sidera Networks offers a comprehensive suite of facilities-based services including: Ethernet, SONET, wavelength, internet access, colocation and more. With a fiber optic network leveraging unique rights-of-way that spans from Maine to Virginia, out to Chicago and up to Toronto, Sidera is committed to delivering cost-effective, custom solutions coupled with superior industry expertise, service and support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 Trintech

Plano, Texas, United States

Trintech is a provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. Trintech was founded in 1993 and is based in Plano, Texas.

Buy $129M