Permira


Discovery, Liberty set for $933m All3Media takeover

Discovery Communications and Liberty Global have reportedly paired up to acquire UK production powerhouse All3Media for around £550 million (US$933 million). Discovery and Liberty, which are both backed by US cable TV mogul John Malone, are due to formally announce the deal tomorrow, according to Sky News, which broke the news this morning. It is […]

Investment firms confirm ProSiebenSat.1 exit

Private equity firms KKR and Permira are offloading their remaining shares in German broadcaster ProSiebenSat.1. KKR issued a statement confirming the pair was putting its remaining 36.3 million shares into an accelerated bookbuilding process with institutional investors, leading to a total exit. The sale share price of €34.75 (US$47.25) values the KKR and Permira’s combined […]

All eyes on P7S1 as opportunity knocks

The future of ProSiebenSat.1 Media is the subject of intense speculation following the latest structural changes at the European broadcast and media giant, reports Jesse Whittock. On August 16, German TV and media firm ProSiebenSat.1 completed a stock conversion that reduced its majority shareholders’ voting shares from 88% to 44%. Significantly, the move converted private […]

ProSiebenSat.1 deal paves way for €3.4bn private equity exit

The private equity firms that control European broadcaster ProSiebenSat.1, KKR and Permira, will be free to exit the business after shareholders approved a stock conversion deal at the company’s AGM today (Tuesday 23 July). The private equity firms will hold a 44% stake in the German broadcast and media group once the conversion is approved […]

Non-exec role for Steve Morrison at All3Media

All3Media founder Steve Morrison is taking a new role UK-based production and distribution group. The company, which is owned by private equity business Permira, said yesterday that Morrison will move from executive chairman to non-executive chairman. He was replaced by Ramzan Golant last autumn as CEO and All3Media said the move non-exec director completes that […]