ION Investment Group to acquire a controlling stake in Acuris

May 14, 2019 — Fusion DigiNet

AcurisION Investment Group is acquiring a controlling stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, from BC Partners and GIC, Singapore’s sovereign wealth fund.

The terms of the deal were not disclosed. However, the FT quoting “three people with direct knowledge of the deal” describe it as a £1.35bn deal. BC Partners and Acuris management are reinvesting and will retain minority ownership.

The Company, then named Mergermarket, was founded in 1999 and acquired by Pearson in 2006 for £101 million plus a subsequent earn-out. In 2015 Mergermarket was acquired by BC Partners from Pearson plc for £382 million. GIC acquired a 30% stake from BC Partners on 2017.

Previous reporting

With nearly 1,500 employees in 66 different locations worldwide, Acuris provides proprietary insights and analytics across six key financial areas: fixed income, transactions, equities, compliance, infrastructure and research. Acuris’ differentiated content and products, including Mergermarket, Debtwire and several others.

Andrea Pignataro, ION’s CEO and Founder said “Acuris’ leading position in financial intelligence, data and analytics is highly complementary to ION’s business. Together, ION and Acuris will continue to deliver innovative, differentiated intelligence and solutions to financial institutions and corporations. We are looking forward to partnering with BC Partners to support the company’s growth and development.”

UK, London

Related articles:

 

Posted in Content Media, Internet Media, Market Data & Information, Publishers, ~Europe. Tags: , , , , , , . Leave a Comment »

Mark Allen Group to acquire Centaur Media’s engineering portfolio for £2.5M

May 9, 2019 — Fusion DigiNet

Mark Allen GroupThe Mark Allen Group, a specialist information provider and event organiser, has agreed to purchase Centaur Media Plc’s engineering portfolio, including The Engineer and Subcon for £2.5 million. The terms of the transaction were not disclosed.

This transaction follows MAG’s purchase of 12 publishing brands in the aviation, automotive and arena sectors from UKi Media & Events Limited last week.

The engineering portfolio includes the market’s leading website, magazine and events, and has deep industry relationships and a diversified client base. The Engineer is one of the UK’s longest-running business publications and is supplemented by Subcon, which is an event for subcontract manufacturing professionals.

The sale comes as Centaur continues the divestment of its smaller businesses following the conclusion of a strategic review last October and its decision to improve operational execution by focusing on its leading brands. The transaction is expected to complete on 31 May.

Ben Allen, Chief Executive of Mark Allen Group, said, “The acquisition of these premium brands is part of our strategy to target well-established products in markets where we believe there are exciting growth opportunities. These assets will further strengthen our existing manufacturing and engineering publishing and event portfolio, which includes titles such as New Electronics and Eureka, as well as the Engineering Design Show.”

UK, London

Related articles:

Posted in Content Media, Internet Media, Publishers, ~Europe. Tags: , , , , , , , , . Leave a Comment »

Byron Allen’s Entertainment Studios acquires Bayou City Broadcasting for $165M

May 6, 2019 — Fusion DigiNet

Entertainment StudiosEntertainment Studios, Inc., one of the US’s largest independent producers and distributors of film and television, with 43 shows on the air, and owner of nine 24-hour HD television networks serving nearly 160 million subscribers, has acquired Bayou City Broadcasting Evansville, Inc., and Bayou City Broadcasting Lafayette, Inc for $165 million. Founder Byron Allen is purchasing the station groups through his company, Allen Media Broadcasting LLC. The terms of the transaction were not disclosed.

Byron Allen, who recently joined Sinclair Broadcast Group to successfully acquire the Fox/Disney 21 Regional Sports Networks for $10.6 billion, and also purchased The Weather Channel in 2018, has publicly stated he has been aggressively pursuing additional media assets to purchase. The purchase of these four Bayou City Broadcasting entities — WEVV (CBS) & WEEV (Fox) in Evansville, Indiana and KLAF (NBC) and KADN (Fox) in Lafayette, Louisiana — provides Allen’s television unit with a broader audience and strategically positions the company in broadcast and digital media.

Bayou City Broadcasting Owner/President/CEO DuJuan McCoy said, “Byron Allen is a visionary, and a brilliant entrepreneur who always gets it done. [His] companies, which exemplify excellence, are perfectly positioned to continue the strong tradition these stations have in serving their communities.”

Allen’s expansion into broadcast television is the latest step Entertainment Studios has taken in further expanding the global reach of its programming and content. The Entertainment Studios divisions now include: broadcast television network affiliates, streaming services, broadcast television syndication, production and distribution of 43 television programs, nine 24/7 HD television networks, theatrical motion picture production, acquisition and global distribution, digital movie acquisition and distribution, and global news publishing – making Entertainment Studios one of the largest privately-held media companies in the world.

USA, Los Angeles, CA & The Woodlands, TX

Related articles;

Posted in Broadcasting, Content Media, Internet Media, Publishers, ~North America. Tags: , , , , , , , , , , , , . Leave a Comment »

A Fusion Deal: UKi Media & Events sells 12 of its industry magazines to Mark Allen Group Limited

May 3, 2019 — Fusion DigiNet

Mark Allen GroupThe Mark Allen Group has acquired 12 magazines in the aviation, automotive and transport, and entertainment sectors from owner UKi Media & Events. The terms of the transaction were not disclosed.

They are: Business Airport International, Business Jet Interiors International, Aircraft Interiors International, Aerospace Testing International, Air Traffic Technology International, Industrial Vehicle Technology International, Traffic Technology International, Electric & Hybrid Vehicle Technology International, Vehicle Dynamics International, Railway Interiors International, Stadia and Auditoria.

The magazines will trade in a newly-formed company, MA Aviation and Auto International Limited. The 22 transferring staff, will be based in the group’s business offices in Hawley Mill, Dartford in Kent.

Chairman of the Mark Allen Group, Mark Allen, said, “I am delighted that, after five months of negotiations, we have finally completed this deal. I would like to thank owner Tony Robinson and managing director Graham Johnson for helping to navigate this difficult process to such a successful outcome. Above all, I want to compliment the staff, whom we have started to get to know, for their patience and engagement. They are a very committed and talented group and we greatly look forward to working with them.”

UK, London & Dorking

Related articles:

Posted in Content Media, Fusion Deal, Publishers, ~Europe. Tags: , , , , , , , . Leave a Comment »

Sinclair Broadcast Group to acquire 21 regional sports networks from Disney for $10.6 Billion

May 3, 2019 — Fusion DigiNet

Sinclair Broadcast GroupSinclair Broadcast Group and The Walt Disney Company have entered into a definitive agreement under which Sinclair will acquire the equity interests in 21 Regional Sports Networks and Fox College Sports, which were acquired by Disney in its acquisition of Twenty-First Century Fox, Inc.. The transaction ascribes a total enterprise value to the RSNs equal to $10.6 billion, reflecting a purchase price of $9.6 billion, after adjusting walt disney companyfor minority equity interests. Completion of the transaction is subject to customary closing conditions, including the approval of the U.S. Department of Justice.

The RSN portfolio, which excludes the YES Network, is the largest collection of RSNs in the marketplace today, with an extensive footprint that includes exclusive local rights to 42 professional teams consisting of 14 Major League Baseball teams, 16 National Basketball Association teams, and 12 National Hockey League teams. In 2018, the RSN portfolio delivered a combined $3.8 billion in revenue across 74 million subscribers.

The RSNs will be acquired via a newly formed indirect wholly-owned subsidiary of Sinclair, Diamond Sports Group LLC. Byron Allen has agreed to become an equity and content partner in a newly formed indirect wholly-owned subsidiary of Sinclair and an indirect parent of Diamond. Mr. Allen, who bought The Weather Channel in 2018, is the Founder, Chairman, and Chief Executive Officer of Entertainment Studios, a global media, content and technology company.

Sinclair expects to capitalize Diamond with $1.4 billion in cash equity, comprised of a combination of approximately $0.7 billion of cash on hand and a contribution of $0.7 billion in the form of new fully committed debt at Sinclair Television Group, Inc. In addition, the purchase price will be funded with $1.0 billion of fully committed privately-placed preferred equity of a newly-formed indirect wholly-owned subsidiary of Sinclair and direct parent of RSN Holding Company. The remainder of the purchase price is being funded by $8.2 billion of fully committed secured and unsecured debt incurred by Diamond. The transaction will be treated as an asset sale for tax purposes, with Sinclair receiving a full step-up in basis.

The transaction has been unanimously approved by the Board of Directors of both Sinclair and Disney.

Chris Ripley, President and CEO of Sinclair, said, “This is a very exciting transaction for Sinclair to be able to acquire highly complementary assets. While consumer viewing habits have shifted, the tradition of watching live sports and news remains ingrained in our culture. As one of the largest local news producers in the country and an experienced producer of sports content, we are ideally positioned to transfer our skills to deliver and expand our focus on greater premium sports programming.”

“The transaction is expected to be highly accretive to free cash flow and brings consolidated net leverage to 4.7x and 5.1x through the preferred financing. This acquisition is an extraordinary opportunity to diversify Sinclair’s content sources and revenue streams with high-quality assets that are driving live viewing. We also see this as an opportunity to realize cross-promotional collaboration, and synergistic benefits related to programming and production.”

USA, Baltimore & Burbank, CA & Hunt Valley, MD

Related articles:

Posted in Broadcasting, Content Media, ~North America. Tags: , , , , , , , , . Leave a Comment »

Mediahuis to acquire Irish newspaper group INM for GBP 125.7M

May 1, 2019 — Fusion DigiNet

MediahuisEuropean media group Mediahuis has agreed to buy Ireland’s largest newspaper group, Independent News & Media, for GBP 125.7 million in its first major deal outside Belgium and the Netherlands. Under the terms of the acquisition, INM shareholders will receive 10.5 cents (9p) per share.

INM publishes the Irish Independent, the Sunday Independent, the Sunday World, The Herald, the Belfast Telegraph and other regional newspapers, accounting for more than 50% of the daily market and over 65% of the Sunday market in the Republic of Ireland.

Privately-owned Mediahuis, which sells more than 1.4 million newspapers a day in The Netherlands and Belgium including the De Telegraaf and De Standaard titles, said it saw a big potential in improving the Irish company’s online business. Founded in 2013, Mediahuis has grown rapidly through acquisitions and has a track record of combining innovative journalism with digital subscription services and paywalls.

Mediahuis chairman Thomas Leysen said, “We have the resources and the capabilities to further the digital transformation and enhance the digital capabilities of INM. We think it’s a good match”.

Belgium, Antwerp & Ireland, Dublin

Related articles:

Posted in Content Media, Publishers, ~Europe. Tags: , , , , , , , , , , , . Leave a Comment »

S4 Capital acquires film studio Caramel Pictures and programmatic business ProgMedia

April 30, 2019 — Fusion DigiNet

S4 CapitalMartin Sorrell’s S4 Capital has continued to expand the capabilities of its creative digital content production company MediaMonks and its programmatic consultancy MightyHive with the addition of two businesses.

MediaMonks has purchased food and liquids film studio Caramel Pictures, based in Amsterdam, for an undisclosed cash sum.

Broadening MediaMonks’ content studio’s capabilities, the purchase of the globally-operated studio adds directors, specialist crews, studio, robotic equipment and over 25 years of experience in digital photography and film for FMCG brands.

Caramel Pictures’ clients include Heinekin, KFC, KitKat, Lays, Magnum and Senseo, as well as FMCG companies such as Coca-Cola, Danone, Nestlé and Unilever.

MightyHive has merged with ProgMedia, a Sao Paulo-based programmatic consultancy founded two years ago by ex-Google employees Bruno Rebouças and Natalia Fernandes.

ProgMedia will become MightyHive’s Latin American base, helping the consultancy capture market opportunity and extend its capabilities in the world’s fourth largest market. The South American consultancy currently employs 27 people and its clients include iFood and Serasa Consumidor.

Consideration for ProgMedia will be half cash and half in S4 Capital ordinary shares, which will have a two-year restriction on sale. A completion payment will be made based on the audited accounts for 2018 and a further payment will be made based on achieving the targeted earnings before EBITDA for 2019, as soon as the audited accounts are available.

S4 Capital executive chairman Sir Martin Sorrell said that these two additions were in line with S4 Capital’s recently announced strategic imperatives. He added, “Client interest in our purely digital, first party data, always-on 24/7 programmatic model is frenetic. These two further strategic moves in the premium quality, digital content area and programmatic in Latam deepen and broaden that powerfully attractive offer.”

UK, London, NL, Amsterdam & Brazil, São Paulo

Posted in Broadcasting, Content Media, Publishers, ~Europe, ~Latin America and Caribbean. Tags: , , , , , , , , , . Leave a Comment »

DVV to acquire Centaur’s HR portfolio for £5M

April 23, 2019 — Fusion DigiNet

DVV Media InternationalDVV Media International Ltd is to acquire Centaur Human Resources Ltd from Centaur Media PLC for £5 million. The deal is expected to complete at the end of April.

The sale of the HR business follows the recent disposals of Centaur’s financial services business, including brands such as Money Marketing and Mortgage Strategy, and its travel and meetings exhibitions, including the Business Travel Show and the Meetings Show, which will raise in aggregate £14.25 million. The company announcement reported that negotiations for the sale of other businesses are continuing.

centaur-logoThe portfolio of products includes the website and exhibition covering the employee rewards and benefits sector, Employee Benefits; along with the Forum for Expatriate Management, a service for companies with overseas employees.

“This is a very significant acquisition for our business,” said DVV Media International Managing Director Andy Salter. “Building on the strength of our existing Personnel Today brand, the new additions to the portfolio substantially increase our offering to the HR and recruiter services sector. Both Employee Benefits and the Forum for Expatriate Management have a powerful reputation. This is a perfect fit and we are looking forward to working with the new teams to develop our portfolio further.”

The Centaur HR portfolio consists of the following brands and activities:

  • EmployeeBenefits.co.uk: Digital resource for the UK’s reward and benefits industry, supplying news, analysis and research.
  • Employee Benefits Live: Dedicated reward and benefits exhibition with around 2000 visitors and 100 exhibitors and a comprehensive conference programme.
  • Employee Benefits Connect: Conference for senior reward and benefits decision makers.
  • Forum for Expatriate Management: Worldwide community for global mobility professionals. FEM serves the sector through 3 Confex and Awards events (US, APAC, EMEA), a European Confex, research reports, and through the provision of information and news online.

DVV’s current HR brands and events include Personnel Today, Personnel Today Awards, Personnel Today Jobs, Occupational Health & Wellbeing, WhatMedia and the RAD Awards.

All staff currently employed at Centaur Human Resources are expected to remain with the business and the company will remain in central London at DVV’s office there.

UK, Sutton & London

Related articles:

DVV Media International

Centaur Media

Posted in Conference/Exhibitions/Events, Content Media, Internet Media, Market Data & Information, ~Europe. Tags: , . Leave a Comment »

Keywords Studios acquires Wizcorp

April 23, 2019 — Fusion DigiNet

keywordsKeywords Studios, a technical services provider to the video games industry, has acquired Wizcorp Inc. for JPY 120 million from Ankama SAS and Silicon Studio Corporation (the “Sellers”).

Based in Tokyo, Japan, Wizcorp develops games on behalf of others mainly in the mobile space, with particular expertise in HTML5 and other mobile technologies.  Wizcorp was established in 2008 and has provided game development as a service to a wide variety of Japanese publishers and developers such as LINE, Square Enix, Avex, Yahoo Japan, and Bandai Namco, as well as undertaking game development for its parent company, Ankama.

Wizcorp’s 35-person strong team, led by CEO Guillaume Hansali, is made up of software engineers and artists from around the world. With annual revenues of JPY 310m, it is well established in the fast-paced Japanese mobile development market.

The business has not made a profit under its existing ownership structure. Keywords expect it to be able to achieve margins at similar levels to Keywords’ existing Engineering Service line once it builds scale and is aligned with their existing operations.

Christopher Kennedy, Regional Managing Director – Asia of Keywords Studios commented: “We look forward to replicating the success of our previous transaction with our long-standing client, Ankama, which saw us acquire their 23 people strong captive player support operation in Manila in March 2016 before building it into a multi-client player support hub that now employs 700 people. We see a strong opportunity to accelerate Wizcorp’s growth by building on its existing services for some of Ankama’s game development needs and providing it with opportunities to work with Keywords’ extensive client base.”

Ireland, Dublin and Japan, Tokyo

Related articles:

 

Posted in Games, Mobile Apps, ~Europe. Leave a Comment »

Vox Media acquires Epic Magazine and Epic Digital

April 16, 2019 — Fusion DigiNet

Vox MediaVox Media has acquired Epic, which includes Epic Magazine, the nonfiction publisher, and its sister company Epic Digital. The terms of the transaction were not disclosed.

Epic, which has over 40 film and TV projects currently in development and has a first-look deal with 21st Century Fox, will remain an independent division within Vox Media Studios.

Epic was founded six years ago by journalists Josh Davis and Joshuah Bearman in an effort to publish “true stories that get noticed,” according to the company. Epic works with Fortune 500 companies like Google and IBM to provide brand insights and their first television show, Little America, is forthcoming on the new Apple streaming service later this year.

Marty Moe, President of Vox Media Studios, said, “In Epic, I see not only a company known for sophisticated, character-driven work, but also a group of innovators who, like Vox Media, set out to build a new business model to sustain great storytelling — for the benefit of both consumers and brands. With the distribution power and infrastructure that Vox Media has honed over the past decade, Epic’s important work will entertain and inform more fans than ever before.”

Current projects include “Little America,” the anthology series coming to Apple’s streaming service; a film about the Silk Road drug empire scripted by the Coen brothers; the forthcoming feature film “King of the Jungle,” starring Seth Rogen and Michael Keaton, based on the Wired article by Davis; and a film that will center on John DeLorean, with George Clooney set to direct.

USA, Washington DC, WA & Los Angela, CA

Related articles:

Posted in Uncategorized. Leave a Comment »
« Older posts
Newer posts »