| Buyer | Seller | Comments | |
|---|---|---|---|
| 1. | Valcon Acquisition B.V. (AlpInvest Partners N.V., The Blackstone Group L.P., The Carlyle Group, Hellman & Friedman LLC, Kohlberg Kravis Roberts & Co. L.P. and Thomas H. Lee Partners, L.P.) | VNU | $10.3 billion; Marketing, media measurement and business information services, including magazines, trade shows and other publications and properties; Rev. $3.5 billion, normalized EBITDA $768MM |
| 2. | Bertelsmann | Albert Frère and Group Bruxelles Lambert |
$5.7 billion for the 25 percent stake not owned by the Mohn Family/Bertelsmann Foundation; Trade publisher; Rev $22.7 billion, EBITDA $2.9 billion |
| 3. | Seven Network Limited (SNL) |
Kohlberg Kravis Roberts & Co. (KKR) |
$4 billion to launch the Seven Media Group, a venture designed to leverage SNL's television, magazine and internet media properties into the Australia and New Zealand markets; KKR to invest approximately $735 million for a 50 percent stake in the venture, while SNL will receive $3.2 billion in cash and also retain a 50 percent interest |
| 4. | HM Rivergroup Plc | Houghton Mifflin Holding Company, Inc. (Thomas H. Lee Partners, Bain Capital Partners, and The Blackstone Group) and Riverdeep Holdings Limited |
$3.6 billion ($1.75 billion in cash plus the assumption of approximately $1.61 billion in debt); Educational publishers; Combined rev. $1.4 billion, EBITDA $392MM |
| 5. | Providence Equity Partners and Goldman Sachs Capital Partners |
Education Management Corporation | $2.4 billion; Food, home and garden, health, and English as a second language magazines; rev. $2.4 billion |
| 6. | Google, Inc. | YouTube | $1.65 billion in stock; Consumer media company that enables video content to be shared online |
| 7. | Carlyle Group, Providence Equity Partners |
Open Solutions, Inc. | $1.3 billion; Provider of information services to the financial industry |
| 8. | John Wiley & Sons, Inc. | Blackwell Publishing (Holdings) Ltd. (U.K.) |
$1.1 billion; Academic and professional publisher; Rev. $380MM |
| 9. | Arnoldo Mondadori Editor SpA (Italy) |
Emap plc (U.K.) |
$700MM for Emap's French consumer magazines, including Closer, FHM and TeleStar; Rev. $565.8MM, op.inc.$71.7MM |
| 10. | Vestar Capital Partners, MediMedia Management |
Cinven, The Carlyle Group and Apax Partners |
$634MM forMediMedia; Specialty healthcare communications, publishing and patient education |
