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Euro Media to be aquired by private equity firm

Euro Media to be aquired by private equity firm
Staff Reporter
29 April 2014

Europe’s biggest OB provider Euro Media Group – owner of UK OB company CTV – is to be bought by Paris-based private equity firm PAI Partners.

PAI made a binding offer last week.

The deal will see Euro Media’s founders and original shareholders, including Sofinim (Ackermans & van Haaren group) and Banijay Holding agree to reinvest alongside PAI Partners in the proposed transaction, together with the senior management team.

Created in 1983 as Euro Television by Chantal Barry, Jean-Pierre Barry and Luc Geoffroy, Euro Media offers outside broadcasting trucks, studio facilities and specialist broadcasting services such as ultra-slow motion, wireless transmission and aerial camera systems across Europe.

The Group has grown through French acquisitions such as State-owned Société Française de Production in 2001, and a merger with Dutch company UBF Media Group in 2007, a deal which included UK OB provider CTV.

The deal made Euro Media Europe’s biggest provider of OB trucks and studio facilities. It now owns 90 stages and 80 OB units.

Euro Media has provided audiovisual services for events such as the recent Winter Olympic Games in Sochi, the Fifa World Cup, the Tour de France or the Monaco Grand Prix.

EMG’s CEO Thierry Drilhon said: “This Partnership with PAI is a major step for EMG and will benefit both our customers and employees.”

“This is a tremendous opportunity for our group to accelerate our international development, increase our capacity to deliver new services, capture new business opportunities in the market and develop our leadership around innovation.”

Nicolas Holzman, partner at PAI, added: "PAI is proud to become the majority shareholder of EMG and to partner with its management team and main shareholders.”

“Our common goal is to enable EMG to reinforce its European leadership, through further acquisitions and the development of new services, and become a truly integrated group with best in class financial performance.”

Euro Media’s founder and chairman Jean-Pierre Barry said: “Following constructive negotiations we have reached agreement with PAI on a close partnership giving us access to new financial resources, which, I am convinced, will place our group a solid footing as we move forward." 

PAI is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich and Stockholm.

PAI manages €6 billion of dedicated buyout funds. Since 1994, PAI has completed 50 buyouts in 10 European countries, representing over €36 billion.

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