Highlighting a History of Remarkable Results
To date, Communications Equity Associates has realized 60 direct investments, returning $128 million on $33.9 million of invested capital, representing an Internal Rate of Return (IRR) of 89.65%.
Examples of typical CEA Merchant Banking investments:
River City Broadcasting - U.S. TV and Radio Broadcasting
Company owned and operated seven television stations and one radio station as well as the Key Market radio stations in seven markets.
Holding Period – 9.7 years; IRR – 81%
Outdoor East - U.S. Outdoor Advertising
Outdoor billboard company owned 2,153 paint billboards and 1,823 poster billboards with operations primarily in the Southern U.S.
Holding Period – 6 months; IRR – 406%
Gulfstream Cablevision - U.S. Cable Television
36,000-subscriber cable TV system in Pasco and Pinellas Counties, Florida. The system had 65,000 subscribers when sold.
Holding Period – 3 years; IRR – 174%
Preview Travel - U.S. Electronic Commerce
Engaged in direct sales of travel packages and tickets to customers located across the U.S. Preview was one of the leading airline ticketing agents selling via AOL and the Internet.
Holding Period – 6.4 years; IRR – 44%
ACME Communications, Inc. – U.S. TV Broadcasting
Owned and operated TV stations in markets 20 to 90, which are affiliated with the Warner Brothers network.
Holding Period – 2.7 years; IRR – 106%
Global Card Services – U.S. New Media
Florida-based business-to-business services provider whose products included front-end, back-end and central information resource, credit card services to merchants in the travel and entertainment industries.
Holding Period – 2.6 years; IRR – 40%