A consortium comprising Kohlberg Kravis Roberts & Co and Permira Advisers has acquired a 50.5% stake in German broadcaster ProSiebenSat1. The value of the transaction is believed to be over EUR 3bn. Following the acquisition, media analysts expect the consortium, which also jointly own pan-European television group SBS Broadcasting SA, to consider steps to merge ProSiebenSat1 with its existing TV operations.
This is the second deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Mirabaud is reportedly planning to invest via its Living Heritage private equity fund
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine