American
Cellular Corporation Chicago, IL. www.cellularone.com |
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ACC operated wireless
communication systems in rural markets in several states.
The company was formed to acquire Price Cellular, a publicly
traded company through a leveraged buyout in 1998. In
2000, ACC was acquired by a joint venture between AT&T
and Dobson Communications for $2.3 billion. The sale resulted
in a highly successful exit for Generation.
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Demand Media
Los Angeles, CA. www.demandmedia.com |
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Demand Media
is a next-generation online media company leverages
the rapid evolution of the internet to create an online
media business with low content creation, publishing,
and traffic acquisition costs, and advertising sales
which are automated, recurring and predictable. Generation
continues to hold the investment.
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DiscoverMusic
Seattle, WA. www.discovermusic.com
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DiscoverMusic
was the leading provider of music samples and other services
to internet music retailers. The Company had more than
100 internet clients, representing 90% of the internet's
music retailers, including CDNow, Tower Records and Amazon.com.
DiscoverMusic built a unique database of 190,000 music
CDs that include over 2.5 million music samples encoded
for internet streaming, album cover artwork and the textual
data describing the CD and its individual songs. Loudeye
Technologies acquired the company in March 2001, resulting in
a highly successful exit for Generation. |
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High
End Systems
Austin, TX. www.highend.com |
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High End is one
of the world's leading manufacturers and distributors
of high-quality intelligent lighting systems. Intelligent
lights are computer controlled automated luminaries that
create a variety of lighting effects for concert and theater
performances, television and movie productions, theme
parks, and architectural purposes. In 2008, High End was acquired by Barco n.v. in a highly successful exit for Generation.
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iCrossing
Scottsdale, AZ.
www.icrossing.com
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iCrossing is a
search engine marketing agency that builds strategics
for Fortune 500 companies and manages visability across
many search engines. iCrossing's services include natural
search engine optimization, paid search management, analytics,
and other technology solutions. The Company's customers
include General Motors, FedEx Kinko's, TJMaxx, Genworth
Financial, Fairmount Hotels & Resorts, Restoration
Hardware, The Sharper Image, Symantec, PR Newswire, Red
Roof Inns, Motel 6, and Royal Carribbean. Generation continues
to hold the investment. |
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Muzak
Charlotte, NC. www.muzak.com |
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Muzak is the world's
largest background music provider. A predecessor fund
to Generation purchased the company from The Field Corporation
in a leveraged buyout for $50 million in 1992. Under the
fund's ownership, Muzak completed several add-on acquisitions
and increased EBITDA from $8 million to $25 million over
a six year period. ABRY Partners acquired in 1998, resulting
in a highly successful exit. |
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New Wave Broadcasting
Saddle River, NJ. www.kpig.com |
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New Wave was formed
to acquire small and mid-market radio stations in the United
States. The company purchased stations in three markets: El
Paso, Texas; Monterey, California; and Honolulu, Hawaii. The
company eventually sold the stations at attractive prices,
resulting in a successful exit for Generation.
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Promatory Communications
New York, NY.
www.promatory.com |
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Promatory
designed ATM access switches for tele-communications carriers
that support multiple Digital Subscriber Line ("DSL")
technologies. The hardware was installed at a telephone
company's central offices to significantly increase bandwidth
to their customers over the existing copper wire infrastructure.
Nortel Networks acquired Promatory in March 2000 for $800 million,
resulting in a highly successful exit for Generation.
view
case study
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Scientific Games
Atlanta, GA.
www.scientificgames.com |
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Scientific Games
is the world's largest scratch-off lottery ticket manufacturer.
The founders of Generation, through a predecessor fund,
led the purchase of the company from Bally Manufacturing
Corp. in a leveraged buyout for $40 million in 1991. During
our involvement with the Company, EBITDA increased from
$8 million to over $50 million. Scientific Games completed
its IPO in 1993 and the fund sold its shares in 1994, resulting
in a highly successful exit.
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Six Flags
New York, NY.
www.sixflags.com |
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Six Flags (NYSE: SIX) is the world's largest regional theme par company with 21 parks across the United Stated, Mexico, and Canada. Over 30 million guests visit Six Flags theme parks annually.
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The Johnny Rockets
Group
Irvine, CA. www.johnnyrockets.com |
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The Johnny
Rockets Group operates and franchises Johnny Rockets
restaurants. The restaurant's key characteristics include
a distinctive design similar to a 1950s neighborhood
diner, interactive employees who sing songs, and a high
quality menu of popular American fare such as hamburgers
and milkshakes. Johnny Rockets currently operates over 200
restaurants in 34 states and 8 countries. RedZone Capital acquired Johnny Rockets in March 2007 resulting in highly successful exit for Generation. |
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thePlatform
Seattle, WA.
www.theplatform.com |
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thePlatform is one
of the world's leading digital media companies, specializing
in software and services solutions which enable content to
be published and distributed anywhere - over any terrestrial
or wireless network to any device. The Company has built an
impressive customer list including: ABC News; Verizon; Comcast;
Oracle; Microsoft; Scripps; Primedia; KPMG; Bank of America;
Turner; The Wall Street Journal; CNBC; and others. Comcast
Corporation acquired thePlatform in June 2006, resulting in
a highly successful exit for Generation.
view
case study
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