| overview
activity
fiascos
landmarks
|
landmarks
This page highlights acquisition and sale of media assets
by investment funds such as Cinven, Providence Equity,
Texas Pacific and CVC.
Context is provided by the broader communications and
media timeline on this site
and the more detailed note
on the caslon.com.au site.
1984
KKR funds buyout of Wometco for US$1.07bn
1985
KKR funds buyout of Storer
Communications for US$2.43bn
1986
Cinven supports Headline Book Publishing
1987
Wesray buys Six Flags for
US$617m
1989
KKR establishes K-III Communications Corporation
K-III buys technical and trade publisher PRIMEDIA Business
Magazines & Media Corporation
buys Macmillan Book Clubs
buys Intertec Publishing and Newbridge Communications
for US$320m
1990
K-III buys specialized directories publisher International
Thomson Transport Press from Thomson
Headline acquires Hodder & Stoughton, becomes Hodder
Headline
1991
K-III buys Funk & Wagnalls
encyclopedia from Field Publications
Hodder Headline lists on LSE
K-III buys Murdoch Magazines,
publisher of New York, Soap Opera Digest, Soap Opera
Weekly, Seventeen, Automobile, New Woman, Premiere
and Daily Racing Form
Tourang consortium (Conrad Black
and US merchant bank Hellman & Friedman Partners)
gains control of Fairfax
1994
Ziff family sells 95% of Ziff-Davis
Publishing to Forstmann Little for US$1.4bn
Weider sells American
Physical Therapy, Weslo and ProForm
Fitness to Bain Capital for US$270m
1995
Softbank buys 70% of Ziff-Davis,
Inc. (publishing arm of Ziff-Davis Communications) from
Forstmann Little for US$2.1bn
KKR funds £210m buyout of Newsquest from Elsevier
1996
KKR-III buys Westminster Press group from Pearson
for £298m
Cinven buys ABC Cinemas
KKR-III buys Cahners Consumer Magazines from Elsevier,
becomes Primedia
1997
Newsquest floated with market capitalisation of £500m
United Artists cinema chain bought by HMTF for US$850m
HMTF buys Grupo MVS (Mexican paytv) for US$120m
1998
HMTF acquires LIN TV in a US$1.9bn
Cinven acquires IPC from Reed International for €1.4bn
Cinven merges IPC with LH Media
KKR and HMTF buy Regal Cinemas (4,000 screens) for US$1.57bn
1999
Evercore Partners acquires American
Media, Inc. for US$850m
HMTF sells Argentine cable tv operations to CEI Citicorp
for US$225m
CVC acquires Netherlands publisher Veen
CVC acquires Bosch & Keuning book publisher, forms
Veen Bosch & Keuning
2000
Willis Stein & Partners buys Ziff-Davis Inc magazines
for US$780m
Rank sells Odeon cinemas to
Cinven for £280m
2001
Purcell acquires Community Newspaper
Co from Fidelity Investments for US$150m
BT sells Yell Directories to Apax and HMTF for £1.15bn
Forstmann Little buys Citadel
for US$2bn
Hersant sells stake in Figaro
to Carlyle
Loews Cineplex acquired by
Onex and Oaktree Capital Management
Primedia buys emap usa (formerly Petersen Publishing)
from EMAP for US$515m
Time Warner buys IPC Magazines
from Cinven for £1.15bn
2002
Candover and Cinven buy Kluwer
Academic Publishers for US$591m
American Media, Inc. and Evercore Partners agree to acquire
Weider Publications, Inc. for US$350m
Onex acquires 58% of Mexico's Grupo Cinemex for US$190m
Carlyle sells stake in Figaro
Cinven buys Aprovia from Vivendi
for €493m
Primedia sells Chicago magazine to Tribune
for US$35m and American Baby Group to Meredith
for US$115m
Vivendi sells Houghton Mifflin to Thomas H Lee, Blackstone
and Bain consortium for US$1.66bn
Cinven, Carlyle and Apax buy MediMedia from Vivendi for
€523m
Carlyle and Welsh, Carson, Anderson & Stowe buy QwestDex
(later Dex) for US$7.05bn
2003
Cinven and Candover acquire BertelsmannSpringer
for €1.05bn, merge Kluwer Academic Publishers and
BertelsmannSpringer
Warner Music arm sold
to consortium led by Edgar Bronfman for US$2.6bn
Deutsche Bank sells 19.4% of Axel
Springer to Hellman & Friedman
Providence and Blackstone take stake in Freedom
Permira backs MBO of Premiere
Trinity Mirror agrees to
sell Irish regional newspapers (inc Belfast News Letter
and Derry Journal) to 3i for £46.3m
United buys Aprovia UK from
Cinven and Carlyle for £79m
Cinven sells Odeon and ABC cinemas to syndicate led by
WestLB AG and the Entertainment Group for €628m
2004
Macquarie Bank buys Reg Grundy's 56% stake in RG
Capital radio
Apax buys major stake in PCM
Uitgevers
Dex lists on NYSE
Candover leads buyout of Bureau van Dijk Electronic Publishing
Bain Capital buys Canadian yellow pages for US$1.5bn
Carlyle buys AMC Entertainment
Apax and Spectrum Equity acquire a majority interest in
NEP Broadcasting from Wachovia Capital Partners
Warner Music sells distributor The Entertainment Network
(joint venture with Sony Music
Entertainment) to Cinram network
VNU sells VNU World Directories
arm for €2.1bn to Apax and Cinven
Apax and HMTF sell 34% holding in Yell to institutional
investors for £720m
MediMedia sells Drug Information Services
2005
Proventus acquires 8% stake in Alma
Warner Music sells Warner Bros. Publications to Alfred
Publishing
IPO of Premiere
Thomas H. Lee, Bain and Warner Music buy six talent management
companies (inc Irving Azoff and Howard Kaufman) to form
Front Line Management Companies, Inc.
Bain sells Advertising Directory Solutions to Yellow Pages
Group for C$2.55bn
Cumulus Media Partners, LLC (Bain, Blackstone and Thomas
H Lee ) acquire radio arm of Susquehanna Pfaltzgraff for
US$1.2bn
Veen Bosch & Keuning sold to Noordelijke Dagblad Combinatie
(NDC)
SBS acquired by KKR and Permira in deal valued at US$2.5bn
Primedia sells About.com to New
York Times for US$410m
Yell Group buys TransWestern Holdings from Thomas H Lee,
CVC and TransWestern Management for US$1.5bn
Apax acquires Hit Entertainment for £489m
MediMedia sells Trade Press & Services and MediMedia
Academic Publishing
Bonnier and Proventus jointly
acquire Alma's broadcasting division (inc Finnish TV channel
MTV3, majority holding in Finnish radio station Radio
Nova and 23.4% of Swedish TV4 AB) for €463m
Liberty Global sells UPC
Norway to Candover for €463m
2006
Warner Music agrees to
buy Ryko Corporation for US$675m from investment group
led by J.P. Morgan Partners
KKR and Goldman Sachs pay €3.3bn for Pages Jaunes
Univision agrees to be
acquired for US$11bn by private equity consortium that
includes Haim Saban, Madison
Dearborn Partners, Providence Equity Partners, Texas Pacific
Group and Thomas H Lee Partners
InterMedia buys Thomas Nelson for US$473m
Apax buys half of Lauder's stake in CME
for US$190m
Valcon Acquisition consortium acquires VNU
with US$9.7bn bid
CVC takes 50% stake in PBL Media (increased to 75% in
2007) as part of restructure of Packer
interests
US Equity buys Penton Media from Abry Partners for US$530m
Cinven agrees to sell MediMedia USA Inc to Vestar Capital
Partners
Apax buys Incisive Media for £199m
Permira buys All3Media from Bridgepoint for £320m
Forbes family sells 40% of Forbes
Media to Elevation Partners for US$250m
Seven and KKR form Seven Media
Group joint venture to hold Seven's television and magazine
interests
Houghton Mifflin acquired by Riverdeep for US$3.36bn (inc
debt)
Primedia sells 17 outdoor magazines to InterMedia for
US$170m
3i buys VNU European business
magazines for €320m
2007
Ironbridge Capital pays NZ$386m for 70% of CanWest Media
Works
New York Times agrees to sell its nine local tv stations
to Oak Hill Capital Partners for US$575m
Blackstone's Merlin Entertainment acquires Tussauds Group
from Dubai International Capital (DIC) for £1.03bn
Wolters Kluwer sells education arm to Bridgepoint Capital
for €774m
Candover pays US$1.2bn for Spanish theme park operator
Parques Reunidos
Macquarie Media Group buys American Consolidated Media
for US$102m
GMG sells sells 49% of Trader
Media to Apax for £674m
Thomson sells higher education,
careers and library reference assets of Thomson Learning
to Apax and Omers Capital Partners for US$7.75bn
Exponent
sells TSL Education (Times Educational Supplement and
Higher Education Supplement) to Charterhouse Capital Partners
EMI agrees to £2.4bn takeover by Terra Firma
::
|
|
