UNQUOTE

KKR and Permira looking to sell ProSiebenSat.1

  • Diana Petrowicz
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Private equity firms KKR and Permira are planning an exit of German broadcaster ProSiebenSat.1 by the end of next year, according to reports.

It is rumoured that an IPO is also being considered. The firm is thought to have attracted interest from major media companies, including Rupert Murdoch's News International.

The Unterfoehring-based broadcaster ProSiebenSat.1 had a turnover of €2.7m in 2009 and currently employs about 5,000 people. KKR and Permira acquired the business in 2007 from German Media Partners for €3,1bn.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

 

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