Media Storm, Backed by Shamrock, Is Up for Sale

Just a short bit of M&A news today.

Shamrock Capital has put Media Storm on the block, several sources say. Media Storm, with offices in South Norwalk, Conn. and New York, is a strategic media agency for the entertainment industry. Clients include Sony, Magnolia Pictures, MLB network and About.com, according to the company’s web site.

“[Media Storm] has been on the market for a long time,” one banker says.

Top 10 Hub Posts this Week Focus on VC Fundraising, Quattrone’s Qatalyst Partners and Worries About Rising Startup Valuations

Time to catch up what your peers found most interesting on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from July 11 to July 15. Hot topics include the top 10 VC fundraisers for Q2, the sizzling year for Frank Quattrone’s Qatalyst Partners, New Jersey’s top-performing funds, Greycroft’s newest partner and worries about rising startup valuations.

1. Slideshow: Top 10 Largest VC Fundraisings for Q2, by Lawrence Aragon, peHUB
2. Slideshow: Quattrone Is Back with a Vengeance; His Qatalyst Partners Has Advised PopCap, GoDaddy and 11 Others this Year, by Luisa Beltran, peHUB
3. Slideshow: New Jersey’s Top-Performing Funds, by David Toll, peHUB
4. Slideshow: Most Active VC Firms to Date in 2011(subscribers only), by Alastair Goldfisher, peHUB
5. Greycroft Partners Adds a New VC: Ellie Wheeler, by Connie Loizos, peHUB
6. What is the Sound of a Bubble About to Pop?, by Scott Maxwell, OpenView Venture Partners
7. Analysis: Doubt Creeps into Tech Valuations at Sun Valley, by Sarah McBride and Yinka Adegoke, Reuters
8. Shamrock Capital Raises $400 Mln With Third Fund, by peHUB staff
9. Analysis: Young Startups Demand Steeper Prices from VCs, by Sarah McBride, Reuters
10. Divide Between Venture ‘Haves’ and ‘Have-Nots’ Gets Bigger, by Connie Loizos, peHUB

Shamrock Partners Take Control While Third Fund Comes In at $400 Mln–UPDATED

For Shamrock Capital Advisors, fundraising for its third pool was a rather quick affair.

The Los Angeles PE firm spent roughly eight months marketing for Shamrock Capital Growth Fund III L.P. which just raised $400 million. By comparison, Shamrock spent a year fundraising for its second pool, which came in with $311.5 million in 2006, says managing partner Stephen Royer.

Fundraising has been tough for several firms and many are taking longer to finish. Shamrock actually began marketing for fund III late last year and most of the money was lined up by April, Royer says. A final close didn’t occur until last week, he says.

Shamrock Capital Raises $400 Mln With Third Fund

Shamrock Capital Advisors, which invests in media, entertainment and communications, closed its third fund at $400 million. The Los Angeles-based PE firm began marketing for the fund in late 2010. It did not use a placement agent but Kathryn Sanders of O’Melveny & Meyers provided legal advice. In conjunction with closing the pool, Michael LaSalle and Andy Howard became partners of Shamrock.

Shamrock Closes Screenvision Buy

Shamrock Capital has closed its buy of Screenvision and appointed Travis Reid as the company’s CEO. Shamrock is an Los Angeles PE firm. Screenvision, of New York, is a provider of cinema advertising. Reid is the former CEO of Digital Cinema Implementation Partners.

Shamrock To Buy Screenvision from ITV and Technicolor

Shamrock Capital has agreed to buy a majority of Screenvision, a provider of cinema advertising.

The sellers are ITV Plc and Technicolor, which had each owned 50%. ITV is selling all of its holding in the deal while Technicolor will retain “just shy of 20%,” says Steve Royer, a Shamrock managing director. Shamrock will end up owning 60% while Carmike Cinemas will have the rest, Royer says.

ITV will receive $80 million for its holding while Technicolor will get $60 million, according to separate statements from the companies.

Shamrock Capital to buy Screenvision from ITV

Shamrock Capital, the private equity firm of the Disney family, is set to buy Screenvision from the British broadcaster ITV, the companies announced. ITV will sell its 50 percent share in the cinema advertising firm to Shamrock Capital Growth Fund II for $80 million. ITV will use the funds to pay of its net debt, which it says has decreased by 175 million pounds ($271 million) to 437 million pounds ($733 million) in the six months to June 30, 2010, and has been selling off non-core assets for a number of years.

RealD Files for $200 Million IPO

RealD Inc., a Beverly Hills, Calif.-based licensor of stereoscopic (aka 3-D) technologies, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol RLD, with J.P. Morgan and Piper Jaffray serving as co-lead underwriters. Company revenue was just over $45 million for the year ending March 27, 2009. Shareholders include […]

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups