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Communications & Media

Greenhill has considerable transaction experience and a global network of corporate relationships in the Communications & Media sector.  Our managing directors and professionals in North America, the United Kingdom, Continental Europe, Australia and Japan have executed many of the most significant and complex transactions for some of the leading companies in the industry.

Our experience in the Communications & Media industry encompasses the following sub-sectors: wireless and wireline telephony; competitive local exchange carriers; satellite services; publishing; information services; education; training; advertising and marketing services; broadcasting; and multimedia.

Below we highlight a few of the transactions on which we have advised in this area:

DATE $   COMPANY/ASSET ACQUIRED   ACQUIROR
13-May-2014
Pending
$80 million Publications International, Ltd. Children’s Division
Advised Publications International, a leading consumer book publisher, on the sale of its Children’s Division to Jiangsu Phoenix Publishing and Media Corporation Limited
Jiangsu Phoenix Publishing and Media Corporation Limited
08-Apr-2014
NA ARTnews
Advised ARTnews, the world's oldest and most widely circulated art magazine, on its sale to Skate Capital Corp., a private art and media industry investment vehicle
Skate Capital Corp.
03-Mar-2014
$3.6 billion hibu plc (formerly Yell Group plc)
Advised hibu, a full‐service provider of digital and print marketing services for SMEs and owner of print directory brands Yellow Pages (UK), Yellowbook (US) and Paginas Amarillas (Spain), on the comprehensive restructuring of its £2.2 billion balance sheet debt
 
03-Mar-2014
$585 million Gannett (Apartments.com)
Advised Gannett Co., Inc., a media and marketing solutions company, on the sale of its stake in the online real estate classifieds service Apartments.com (part of Classified Ventures, LLC) to CoStar Group, a provider of information services to the commercial real estate industry
CoStar Group
18-Dec-2013
NA Global Television
Advised Catalyst Investment Managers on the sale of its portfolio company Global Television, Australia’s largest provider of outsourced broadcasting and video production services, to NEP Inc., a leading provider of total broadcast solutions in the US, UK and Brazil. NEP is majority-owned by private funds managed by Crestview Partners
NEP Group Inc.
18-Dec-2013
$141 million Open Colleges Australia Pty Ltd
Advised Open Colleges, Australia’s leading privately owned online provider in the high-growth vocational education and training sector, on the sale of a 70% stake (plus exit arrangements for the balance) to Apollo Education Group, Inc., one of North America’s largest private education providers
Apollo Education Group, Inc.
17-Dec-2013
Pending
$2.0 billion AT&T (Connecticut Wireline Operations)
Advising AT&T Inc. on the sale of its wireline operations in the State of Connecticut to Frontier Communications
Frontier Communications Corp.
04-Sep-2013
NA Aztec (subsidiary of Dentsu Inc.)
Advised Dentsu Inc., Asia’s largest advertising agency, on the sale of its retail data analytics subsidiary Aztec, to IRI, a global market research company
IRI
31-May-2013
$500 million iSelect (30% shareholding)
Advised Mi9, a joint venture between Microsoft and Nine Entertainment Co, and one of Australia’s leading digital media companies, on the sale of its 30% holding in iSelect, a leading Australian online-driven comparison service, as part of the Initial Public Offering of iSelect
Ninemsn (T/A Mi9)
15-Jan-2013
NA Broadcast Rights for V8 Supercars
Advised Archer Capital, a leading Australian private equity firm, and its portfolio company V8 Supercars Australia, on the sale of the Australian FTA television broadcasting rights for V8 Supercars to Seven, a leading Free to Air broadcaster in Australia
Seven Network
01-Nov-2012
$180 million SKY Network Television Limited
Advised Todd Corporation, a major New Zealand family office, on the divestment of its 11.1% holding in SKY Network Television Limited, New Zealand’s leading provider of pay television services
 
08-Oct-2012
NA Phaidon Press Limited
Advised Phaidon Press Limited (“Phaidon”) and its owner, Richard Schlagman, on the sale of the company to the family of Leon Black. Founded in 1923, Phaidon is a leading branded publishing and media company focused on the visual arts, culture and lifestyle sectors
Leon D. Black family
02-Sep-2012
$285 million DMG Radio Australia, a subsidiary of Daily Mail and Guardian Trust Plc
Advised Daily Mail and General Trust plc (DMGT), on the sale of its remaining 50% interest in its Radio business in Australia to Illyria Pty, a private investment company of Lachlan Murdoch. The Radio operations comprise two national music networks in Australia
Illyria Pty
21-Aug-2012
$1.1 billion Broadcast Rights for the National Rugby League
Advised the Australian Rugby League Commission on the sale of the Australian television broadcasting rights for the National Rugby League to Nine, a leading Free to Air broadcaster and Fox Sports, Australia’s largest pay TV broadcaster (partially owned by News Limited)
Nine Network / Fox Sports
13-Aug-2012
$32 million Journal Communications, Inc.
Advised the Board of Directors of Journal Communications, Inc., a diversified media company with newspaper and broadcasting interests, in connection with the repurchase of 100% of the issued and outstanding shares of its Class C Common Stock from successors to the Company’s founding family
 
12-Jul-2012
$5.0 billion Aegis Group plc
Advised Aegis Group plc, a leading global media and digital communications agency, on its sale to Dentsu Inc., the leading advertising group in Asia
Dentsu Inc.
28-Jun-2012
$275 million Village Roadshow Entertainment Group
Advised Village Roadshow Entertainment Group on its $275 million mezzanine and equity capital raise from a group of investors
 
21-May-2012
NA Robbins-Gioia Inc.
Advised Informa plc on the sale of its subsidiary, Robbins-Gioia Inc., to a group of private investors
Private Investors
27-Jul-2011
$850 million The Synovate Group
Advised Aegis Group plc on the sale of The Synovate Group, a leading global provider of custom market research, to Ipsos S.A.
Ipsos S.A.
24-May-2011
$1.0 billion New Zealand Ultra-Fast Broadband
Sole financial adviser to Crown Fibre Holdings (100% New Zealand Government owned entity) on the tender and negotiations for the investment of NZ$1.3 billion in a new ultra-fast broadband network in New Zealand, which includes agreements with Telecom Corporation of New Zealand, Christchurch City Holdings, WEL Networks and Northpower
 
14-Feb-2011
$40.0 billion Australian National Broadband Network
Greenhill acted as sole adviser to the Australian government in connection with the National Broadband Network, which represents the single largest infrastructure project in the country’s history
 
20-Dec-2010
$370 million One Communications Corp.
Advised EarthLink, a provider of IP services to consumers and businesses, on its acquisition of One Communications, an integrated telecommunications solutions provider
EarthLink
02-Dec-2010
NA IAC / InterActiveCorp.
Advised the Special Committee of the Board of Directors of IAC, a leading Internet company, on the repurchase of all IAC shares owned by Liberty Media in exchange for a combination of cash and two operating businesses, Evite and Gifts.com
 
01-Oct-2010
$516 million ITC^DeltaCom
Advised EarthLink, a provider of IP services to consumers and businesses on its acquisition of ITC^DeltaCom, a leading provider of telecommunications and technology services to businesses and other communications companies
EarthLink
29-Jul-2010
$328 million Mitchell Communication Group Limited
Advised Aegis Group plc on its acquisition of Mitchell Communication Group Limited, Australia’s leading independent media buyer
Aegis Group plc
01-Jul-2010
NA Media Monitors
Advised Media Monitors, the leading media intelligence company in Asia-Pacific, on its sale to Quadrant Private Equity
Quadrant Private Equity
18-Jun-2010
$ 361.1 million USEN Corporation
Advised USEN Corporation, a diversified media company, on the sale of Intelligence Ltd., its 100% owned human resources staffing subsidiary
Kohlberg Kravis Roberts & Co. L.P.
04-Jun-2010
$232 million Manx Telecom
Advised HgCapital, a leading European private equity investor, on its acquisition of Manx Telecom, the Isle of Man's main telecommunications and internet provider and a subsidiary of Telefónica S.A.
HgCapital
01-Jun-2010
$109 million AT&T Japan (an AT&T Inc. company)
Advised AT&T Inc., a premier communications holding company, on its sale of the domestic network outsourcing business of AT&T Japan, its Japanese enterprise unit, to Internet Initiative Japan, one of Japan's leading Internet-access and comprehensive network solutions providers
Internet Initiative Japan
24-May-2010
$1.4 billion Sterling Commerce, Inc. (an AT&T Inc. company)
Advised AT&T Inc., a premier communications holding company, on its sale of Sterling Commerce, Inc., an enterprise software and services provider, to IBM Corporation, a global IT products and services provider
IBM Corporation
12-May-2010
NA Experian plc
Advised Experian plc, the FTSE100 global information services company, on the sale of certain UK database marketing activities into a newly formed joint venture with British Sky Broadcasting Group PLC
British Sky Broadcasting Group plc
31-Mar-2010
$3.3 billion EMOBILE Ltd.
Advised the Independent Committee of eAccess Ltd., Japan's largest DSL wholesaler, on its business combination through a share exchange with EMOBILE, Ltd., the leading mobile data communications provider in Japan
eAccess Ltd.
04-Dec-2009
NA Verivox Holding Limited
Advised the shareholders of Verivox Holdings Limited, comprising Independent News & Media plc and the founders and joint CEOs of Verivox, on the sale of 51% in Verivox, Germany’s leading price comparison website for energy and telecommunications services, to Oakley Capital Private Equity
Oakley Capital Private Equity LP
21-Jul-2009
$2.8 billion Quebecor World Inc
Acted as financial advisor to Quebecor World on its CCAA / Chapter 11 restructuring
 
01-Dec-2008
NA Beattie McGuinness Bungay Ltd.
Advised Cheil Worldwide, Inc, South Korea’s largest marketing agency, on the acquisition of Beattie McGuinness Bungay Ltd, a leading independent UK advertising agency
Cheil Worldwide, Inc.
07-Aug-2008
NA Scholastic Corporation’s U.S. direct-to-home continuities business
Advised Scholastic, the global children’s publishing, education and media company, on the sale of its U.S. direct-to-home continuities business to Sandvik AS
Sandvik AS
30-Jun-2008
$720 million THUS Group plc
Advised THUS Group plc, a fixed line business telecommunications provider, on a cash offer from Cable & Wireless plc
Cable & Wireless plc
02-Jan-2008
NA E. Brost & J. Funke GmbH & Co. KG (BFK KG) and its 25% stake in Otto Group
Advised the shareholders of BFK KG, comprising the families who also own German publisher WAZ Media Group, on the sale of their 25% holding in German retailing and services group Otto to the Otto family, which thereby regained full ownership of the business
Otto AG für Beteiligungen (investment vehicle of Otto family)
05-Jul-2007
$630 million ALM Media Group Holdings, Inc.
Advised Incisive Media, a portfolio company of Apax Partners, on the acquisition of ALM Media, a leading integrated media company focused on the legal and real estate sectors and the largest provider of B2B information to the US legal market
Incisive Media Ltd. (portfolio company of Apax Partners)
30-Jun-2007
$52.0 billion BCE Inc.
Advised the Board of BCE on a review of a range of strategic alternatives that culminated in an agreement to sell to a consortium consisting of Teacher's Private Capital, Providence Equity Partners and Madison Dearborn Partners for $52.0 billion that was ultimately terminated
Teacher's Private Capital, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC
12-Jun-2007
$184 million Jane’s Information Group
Advised The Woodbridge Company Limited, the holding company for the Thomson family’s investments, on the sale of Jane’s Information Group, a world-leading provider of information and analysis on global defence and security, to IHS Inc.
IHS Inc.
21-May-2007
$6.3 billion EMI Group plc
Acted as lead financial advisor to global music industry player EMI Group plc, on a recommended cash offer from Maltby Limited, a company formed at the direction of Terra Firma
Terra Firma Capital Partners Limited
14-May-2007
$1.0 billion Datamonitor plc
Acted as financial adviser to Informa plc on its recommended acquisition of Datamonitor plc, a leading global provider of market intelligence
Informa plc
26-Mar-2007
$1.0 billion Wolters Kluwer Education
Advised Bridgepoint Capital Limited on its acquisition of Wolters Kluwer Education, the pan-European educational publishing division of quoted Dutch-based information services and publishing company Wolters Kluwer NV
Bridgepoint Capital Limited
03-Apr-2006
$3.7 billion Verizon Communications Inc. (various assets)
Provided independent valuation services in connection with the acquisition by América Móvil and Telmex of a 100% stake in Verizon Dominicana, an approximate 52% stake in Telecomunicaciones de Puerto Rico and an approximate 28.5% stake in Compania Anónima Nacional Teléfonos de Venezuela
América Móvil and Telmex
21-Jun-2005
$714 million Scottish Radio Holdings plc
Advised UK radio and regional press company Scottish Radio Holdings plc on a recommended offer by EMAP plc
EMAP plc
01-Jun-2005
$1.4 billion IIR
Advised T&F Informa on the acquisition of IIR, a leading provider of performance improvement solutions and organiser of conferences and exhibitions. The acquisition is to be financed via a rights issue of c.$570m and a new debt facility
T&F Informa
02-Mar-2004
$2.1 billion Taylor & Francis Group Plc
Advised Informa Group on its merger with Taylor & Francis. Following the merger, Informa shareholders own 51% of the combined company
Informa Group Plc
15-Jul-2003
$1.1 billion Loral Space and Communications Ltd.
Advised Loral with its Chapter 11 proceedings. Advised on the sale of its North American Fixed Satellite Services assets to Intelsat for $1.1 billion
Intelsat Ltd.
15-Oct-2002
$3.2 billion AT&T Canada
Advised AT&T Canada on a stand-alone financial restructuring
 
09-Aug-2002
$17.6 billion Adelphia Communications
Advised the Unsecured Creditors of Adelphia Communications representing $14.5 billion of value in Adelphia’s Chapter 11 proceedings. Advised on the sale of Adelphia’s assets to Time Warner and Comcast for $17.6 billion

Time Warner Inc. and Comcast Corp.
25-Mar-2001
$9.7 billion Cable & Wireless Optus Limited, 52.5% subsidiary of Cable and Wireless plc
Advised C&W on the sale of its 52.5% owned Australian subsidiary, Cable & Wireless Optus, to SingTel
Singapore Telecommunications Limited
31-Mar-2000
$498 million Dorling Kindersley plc
Advised Dorling Kindersley, a leading and innovative book publisher, on the sale of the company to Pearson in an all cash transaction.
Pearson plc
04-Oct-1999
$23.5 billion AMFM, Inc.
Advised AMFM on the sale of the company to Clear Channel Communications to form the largest U.S. radio company
Clear Channel Communications, Inc.
06-Aug-1999
$12.8 billion One2One (joint venture between Cable and Wireless plc and Media One)
Strategic advice to C&W in connection with the sale of One2One, a UK mobile phone operator, 50% owned by C&W and 50% owned by Media One
Deutsche Telekom AG
30-Jul-1999
$2.5 billion Mirror Group PLC
Advised Trinity on its merger with Mirror Group to form Trinity Mirror, the UK’s largest newspaper publisher
Trinity plc
18-Feb-1997
$1.1 billion Viacom Inc. - various radio assets
Advised Chancellor in the purchase of Viacom’s radio assets
Chancellor Broadcasting
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Case Study
M&A:
Lion Pty Ltd.
Lion Pty Ltd.
Greenhill advised Lion Pty Ltd, a subsidiary of Kirin Holdings and one of Australia and New Zealand’s leading beverage, food and dairy companies, on the acquisition of the 63.
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