The Weather Channel

exited

Media / Technology — Bain Capital / Blackstone / NBC Universal

Deal Terms

Entry Year2008

Entry EV$3.5B

Entry Multiple10x

Leverage5x

Debt Amount$1.75B

Outcome

Exit Year2018

Risk Metrics

LTV (est.)50%

Debt / EV0.50x

Notes

Bain/Blackstone/NBC paid $3.5B for The Weather Channel (2008). Separated TV network from digital/data business. Sold data platform to IBM for $2B+ (2016). Allen Media bought TV network for $300M (2018). PE dismembered weather media: valuable data sold separately, TV network sold for scraps. Classic PE asset-stripping of a media brand.

Sponsor

Blackstone$1270B AUM