KKR and Permira looking to exit ProSiebenSat.1

The GPs are said to have appointed JP Morgan to explore options and possible candidates may include Time Warner, Axel Springer, Comcast, Dohan and News Corp.

The news comes a few months after the firms sold ProSiebenSat.1's Nordic unit SBS to Discovery to pay down debt on the company's books. Prior to that, the firms disposed of the business's Benelux division to a trade buyer, a transaction similarly designed to reduce debt. KKR and Permira are also said to be looking at flotation options for the business.

The buyout houses acquired their stakes in ProSiebenSat.1 in early 2007 for €3.1bn, valuing the business at €5.9bn including debt.

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• Topics
• DACH
• Media
• Trade sale
• KKR
• Permira
• IPO