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Private Equity Firms Back Out of $8 Billion Deal for Harman

Authored by Mark Hefflinger on September 24, 2007 - 9:15am.

Washington - Five months after announcing the deal, Harman International Industries, a manufacturer of audio products and electronic systems, said that a group of private equity firms have backed out of their $8 billion acquisition of the company.

tags: Deals | Music | Acquisitions | Harman | KKR | GS Capital Partners | Harman Kardon |

Private Equity Firms to Buy Audio Equipment Maker Harman for $8 Billion

Authored by Mark Hefflinger on April 26, 2007 - 11:28am.

Washington - Harman International Industries, a manufacturer of audio products and electronic systems, said on Thursday that it will be acquired for $8 billion by private equity firms Kohlberg Kravis Roberts (KKR) and GS Capital Partners.

tags: Deals | Music | Acquisitions | KKR | Harman International | GS Capital Partners |

Primedia Seeking to Sell Enthusiast Media Unit

Authored by Scott Goldberg on February 16, 2007 - 4:29pm.
Surfer New York, NY - Primedia Inc. has hired Goldman, Sachs & Co. and Lehman Brothers Inc. to explore the sale of its Enthusiast Media unit.  Primedia Enthusiast Media (PEM) consists of 70 publications, 90 websites, and 65 events, including Motor Trend, Hot Rod, and Surfer.  PEM’s 2006 revenue surpassed $500 million, and analysts believe the business could be worth more than $1 billion.  Kohlberg, Kravis, Roberts, & Co. owns 61.3% of Primedia.
tags: Publishing | Media | Primedia | Goldman Sachs | Enthusiast Media | Lehman Bros | KKR |