M&A Deal Summary

Welsh Carson Anderson & Stowe and The Carlyle Group Acquire Dex Media

On August 19, 2002, private equity firms Welsh Carson Anderson & Stowe and The Carlyle Group acquired marketing company Dex Media from Qwest Communications International for 7.1B USD

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 1st and The Carlyle Group’s 1st transaction in the Marketing sector.
  • This is Welsh Carson Anderson & Stowe’s and The Carlyle Group’s 9th largest (disclosed) transaction.
  • This is Welsh Carson Anderson & Stowe’s 23rd and The Carlyle Group’s 63rd transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 2nd and The Carlyle Group’s 6th transaction in Texas.
Investment Fate
  • Dex Media went public in 2004.
  • Dex Media was sold to a strategic buyer in 2005 for 4.2B USD.

M&A Deal Summary

Date 2002-08-19
Target Dex Media
Sector Marketing
Buyer(s) Welsh Carson Anderson & Stowe
The Carlyle Group
Sellers(s) Qwest Communications International
Deal Type Divestiture
Deal Value 7.1B USD

Target

Dex Media

Dallas, Texas, United States
Dex Media, Inc. engages in the publication and marketing of directories in the US. The company also offers Internet-based telephone directory and database marketing services.

Search 177,729 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 24 of 95
Sector (Marketing) 1 of 2
Type (Divestiture) 1 of 4
State (Texas) 2 of 10
Country (United States) 23 of 90
Year (2002) 2 of 4
Size (of disclosed) 1 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Westminster Health Care

Horsham, United Kingdom

From its origins in 1985, Westminster Health Care evolved to become one of the major providers of high quality healthcare services to both the private and public sectors in the UK.

Buy £267M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-30 Onward Health

Wilton, Connecticut, United States

OGH LLC is a provider of workforce solutions for talent acquisition. The holding group consists of three staffing services firms: Onward Healthcare, Locum Leaders, Onward Search, as well as Medefis, the vendor management solutions platform for health care systems, and Recruitics, a recruitment marketing analytics platform for Fortune 500 companies, staffing firms, and job boards

Buy -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 84.0B 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 109 of 691
Sector (Marketing) 1 of 12
Type (Divestiture) 7 of 71
State (Texas) 6 of 51
Country (United States) 63 of 335
Year (2002) 13 of 23
Size (of disclosed) 9 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Odysys International

Beijing, China

During the period of Carlyle's ownership, Odysys International Limited developed network storage software empowering clustered storage area network and network attached storage systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Seabulk International

Ft. Lauderdale, Florida, United States

Seabulk International, Inc. is a provider of marine support and transportation services. Seabulk is principally engaged in three main businesses: offshore energy support, marine transportation and towing.

Buy -

Seller(S) 1

SELLER

Qwest Communications International

Monroe, Louisiana, United States

website


Category Company
Founded 1983
Sector Communications
Employees24,900
Revenue 13.8B USD (2006)
DESCRIPTION

Qwest Communications International, Inc. provides communications services to residential, business, governmental, and wholesale clients in the United states and internationally.


DEAL STATS #
Overall 1 of 1
Sector (Marketing) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-30 US West Communications

Denver, Colorado, United States

US West Communications, Inc. was a provider of local and long distance telephone services, data transmission services, cable television services, and wireless communications in the Midwest and Western regions of US.

Buy $36.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-15 OnFiber Communications

Austin, Texas, United States

OnFiber Communications, Inc. designs, constructs, and manages fiber networks for corporations, telecom companies, and the Internet organizations. It offers metropolitan area network (MAN), wide area network (WAN) and point-to-point network solutions using a range of optical transport technologies, including Ethernet, SONET, and Wavelength Services.

Buy $107M