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Media specialists move into UK satellite broadcast sectorVeronis Suhler Stevenson buys into UK satellite broadcaster as a platform for further consolidation
- Banks sweeten ProSieben Sat1 €1.25bn financing
Bankers say Europe’s leveraged loan market is demonstrating maturity as JPMorgan and Deutsche Bank, bookrunners on the financing for German Media Partners, reach compromise with investors to get deal off the blocks.
- Providence buys into Spanish media group
Specialist private equity group Providence Equity Partners has secured a 25.5% stake in Retos Cartera, beating competition from Apax, Blackstone, Permira and PAI.
- Lehman in KirchMedia bid
Lehman Brothers' private equity arm is part of the consortium that looks set to gain control of KirchMedia.