Nielsen Holdings

active

Media / Data — KKR / Silver Lake / Blackstone / Carlyle / THL / Hellman & Friedman

Deal Terms

Entry Year2006

Entry EV$12B

Entry Multiple9x

Leverage7x

Debt Amount$8.4B

Risk Metrics

LTV (est.)70%

Debt / EV0.70x

Notes

Six-firm PE consortium bought media ratings/data company for $12B (2006). IPO'd 2011. Taken private AGAIN by Evergreen Coast Capital/Brookfield for $16B (2022). Nielsen ratings are the TV industry's currency — monopoly power. But digital measurement threatens the legacy model. Two PE cycles in 16 years.

Sponsor

Blackstone$1270B AUM