September 14, 2020 the Prior Edition Had the Incorrect Date. Our
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Nielsen Sells Consumer Analytics Business for $2.7Bn
Nielsen Sells Consumer Analytics Business for $2.7Bn Nielsen sells its consumer sales and analytics business to equity investor Advent for $2.7 billion,according to Bloomberg. The parties expect to close this deal in the first half of next year. The acquired business will be rebranded from Global Connect into NielsenIQ. What explains this move? Nielsen needs the cash to reduce its debt burden, which stands at $8 billion as of June 30 this year. Moreover, this business is under pressure in the current economic down-cycle. Brand owners are reducing their overhead. According to Bloomberg, Nielsen’s shares have slid 33% this year, giving the company a market value of $4.8 billion as of Friday’s (October 30’s) close. Less than its debt burden! Also, the de-listing of GfK and restructuring by KKR, who took a controlling stake during 2017, seems to underpin the same trend that the consumer sales and analytics business is already under some pressure for a while. The current crisis is only accelerating the trend. Not just the consumer analytics business is under pressure. Also, the related consumer media business is. This is exemplified, by the recent offloading of Cnet Media Group by ViacomCBS in a $0.5 billion deal with Red Ventures. ViacomCBS wrote off a whopping $1.3 billion on its 2018 acquisition. Cnet Media Group includes review site Cnet.com, GameSpot, Download.com, Metacritic reviews-aggregation, TVGuide.com, Chowhound, Roadshow, Cnet Content, and B2B tech site ZDNet. It’s unclear if Red Ventures intends to resell the acquired activities or sees a long-term future for itself in it.. -
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Grupo Admiral Y RVU Llegan a Un Acuerdo Para La Adquisición De Penguin Portals Y Preminen
Grupo Admiral y RVU llegan a un acuerdo para la adquisición de Penguin Portals y Preminen La compra-venta incluye a los comparadores de Grupo Admiral en Inglaterra, España, Francia y, por supuesto, México Ciudad de México, diciembre de 2020. Admiral Group y la división de comparadores RVU, perteneciente a Red Ventures, llegaron a un acuerdo para la adquisición de Penguin Portals y Preminen, los cuales incluyen los sitios de comparación de Admiral. En la compra-venta, RVU adquiere la operación de estas empresas por una suma de 508 millones de libras (685,50 millones de dólares), lo que permite al Holding elevar su capacidad de crecimiento y desarrollo. El acuerdo incluye Penguin Portals que es la división de comparadores creada por Grupo Admiral, desde 2002, a la que pertenecen: Confused.com, el primer sitio de comparación ubicado en Reino Unido; Rastreator.com, comparador líder en España; Lelynx.fr, comparador en Francia y, el más reciente lanzamiento del Grupo, Rastreator.mx (www.rastreator.mx). También se adquiere Preminen, una compañía creada por Admiral y Mapfre en 2016 para expandir el negocio de los comparadores a otros mercados. Tanto el equipo de administración y operación, así como la dirección de Penguin Portals, representada por Elena Betés, continuarán desempeñándose de la misma manera y con un mismo objetivo: “ayudar a los clientes a tomar las mejores decisiones sobre sus productos financieros. Y dotar a los usuarios de información y herramientas necesarias para comparar y contratar los mejores productos y servicios que afectan a sus hogares”. Parte de la estrategia de RVU con la adquisición de Penguin Portals es ampliar el negocio de Zoopla Group en el sector asegurador, no solo en Reino Unido sino en el mercado internacional. -
Workforce Wednesday Alumni Biographies May 12, 2020
Workforce Wednesday Alumni Biographies May 12, 2020 Finance Jeb Breece ’04 Jeb is a Principal and Portfolio Manager at Spears Abacus, an investment management firm focused on the needs of high-net-worth families and individuals. At Spears Abacus, Jeb co- manages the firm's core equity strategy and works with clients on asset allocation and estate planning. He began his career as an analyst at Abacus & Associates, a single-family office. Daniel Gajewski ’09 Daniel has worked at Lazard, Piper Sandler (formerly Piper Jaffray), Sidoti & Company, and Coleman Research Group. Nathaniel Shahan ’17 Nathaniel works in financial communications/media consulting. Emma Hood ’19 Emma works at AllianceBernstein as a Fixed Income Associate. During her time at AllianceBernstein, she has rotated through the global economics research team, the High Yield portfolio management team, the technology innovation team, and the multi-sector insurance portfolio management team. Law Connie Qian ’13 Connie is an associate in Freshfields Bruckhaus Deringer's Capital Markets practice in New York. Connie’s practice focuses on debt and equity transactions and corporate governance matters. Prior to joining Freshfields, Connie worked at Morrison & Foerster, where she represented public and private companies in cross-border M&A and financing transactions. Javier Flores ’03 Javier is the managing partner of the Boston office of Dinsmore & Shohl LLP. Javier has diverse litigation experience representing clients in complex commercial matters, including breach of contract, class action, and unfair business practices claims. Furthermore, Javier has successfully represented businesses throughout the country in catastrophic injury cases, including product liability, professional liability, and general liability claims. -
Red Ventures to Acquire CNET Media Group from Viacomcbs for $500 Million
Red Ventures to Acquire CNET Media Group from ViacomCBS for $500 Million September 14, 2020 Enables CNET to Reinvest in Growth and Brings Additional Leading Media Brands to Red Ventures Growing Portfolio CHARLOTTE , N.C. and NEW YORK, Sept. 14, 2020 /PRNewswire/ -- Red Ventures, a portfolio of digital brands, today announced that it has entered into a definitive agreement to acquire CNET Media Group from ViacomCBS for $500 million. CNET Media Group is a pioneer in digital media. CNET, a leading global technology news brand, has grown over 25 years to cover all aspects of technology in our lives, including automotive coverage at Roadshow and Spanish-language technology coverage at CNET en Español. CNET paved the way for CNET Media Group, an expansive portfolio of digital media brands that advise consumers across leading consumer tech, business tech, gaming, and entertainment media brands including ZDNet, a leader in B2B focused content and Gamespot, a renowned games information brand in the US, according to ComScore. The portfolio also includes revered entertainment and lifestyle brands like TVGuide, Metacritic, and Chowhound. "Red Ventures believes in the power of premium content from trusted brands that help people make better life decisions," said Ric Elias, Red Ventures CEO and Co-Founder. "Over the last 25 years CNET Media Group has built a dynamic portfolio of brands with well-earned authority on such topics as consumer tech and gaming that play an increasingly important role in people's lives. Red Ventures is eager to invest in CNET Media Group's growth with more personalized consumer experiences that will reinvigorate CNET Media Group's brands and unlock unprecedented opportunity for all." "I am incredibly excited about CNET Media Group's future. -
RVU Acuerda La Adquisición De Penguin Portals Y Preminen Al Grupo Admiral Por 508 Millones De Libras
RVU acuerda la adquisición de Penguin Portals y Preminen al Grupo Admiral por 508 millones de libras El acuerdo incluye a Rastreator.com, el comparador líder del mercado español Madrid, 29 de diciembre de 2020. Red Ventures (RVU), la división de comparadores de ZPG (Zoopla Group Holding Company) y propietarios de marcas como USwitch o Money.co.uk, ha acordado la adquisición de Penguin Portals y de Preminen al Grupo Admiral por 508 millones de libras. El acuerdo incluye el 100% de Rastreator.com, bróker online de seguros y comparador líder del mercado español, hasta ahora propiedad del Grupo Admiral y de la aseguradora Mapfre. Penguin Portals y Preminen forman una red global de comparadores de servicios financieros que operan en Reino Unido, España, Francia y México y que, además, cuentan con el apoyo de Admiral Technologies como centro tecnológico desde la India. El acuerdo afectará a Confused.com, el primer comparador del Grupo lanzado en Reino Unido en 2002, Rastreator.com, el comparador francés Lelynx.fr, además de Rastreator.mx, el último lanzamiento del Grupo. Elena Betés, CEO de Penguin Portals, así como el equipo de administración de la compañía, continuarán desempeñando su trabajo como hasta ahora. Además, Penguin Portals seguirá trabajando con el mismo objetivo: ayudar a sus clientes a tomar las mejores decisiones sobre sus productos financieros. Sin embargo, la adquisición permitirá al holding elevar su capacidad de crecimiento y desarrollo. RVU, la división de comparadores de ZPG, es un grupo de marcas digitales que tiene como objetivo dotar a los usuarios de la información y herramientas necesarias para que sean capaces de comparar y contratar los mejores productos y servicios que afectan a sus hogares.