KKR


KKR plans German media powerhouse with Tele München acquisition

Private-equity group KKR has acquired German media group Tele München Group (TMG) from its owner Herbert Kloiber after 42 years of the latter’s ownership of the outfit, with plans to refocus the company to take advantage of digital disruption. KKR has named former ZDF entertainment chief, Sat.1 and Kirch Media MD and Constantin Media chief […]

Altice and KKR unveil new tower company

Cable and telecom operator Altice Europe and private-equity investor KKR have announced the creation of Hivory, the new name for the largest mobile transmission tower company in France, following KKR’s acquisition of a 49.99% stake in Altice’s French tower unit in June. According to Altice, Hivory operates towers at 10,000 strategically located sites with a […]

KKR, Chernin-backed Emerald takes stake in South Asian OTT service

Emerald Media, a pan-Asian media investment vehicle backed by private-equity outfit KKR and Peter Chernin, is taking a minority stake in South Asian content-focused OTT TV service YuppTV for US$50 million (€40 million). YuppTV, based in Atlanta in the US, provides live TV, catch-up TV and movies on-demand in 14 languages across the globe with […]

Investment firms confirm ProSiebenSat.1 exit

Private equity firms KKR and Permira are offloading their remaining shares in German broadcaster ProSiebenSat.1. KKR issued a statement confirming the pair was putting its remaining 36.3 million shares into an accelerated bookbuilding process with institutional investors, leading to a total exit. The sale share price of €34.75 values the KKR and Permira’s combined 17% […]

ProSiebenSat.1 deal paves way for €3.4bn private equity exit

The private equity firms that control European broadcaster ProSiebenSat.1, KKR and Permira, will be free to exit the business after shareholders approved a stock conversion deal at the company’s AGM yesterday. The private equity firms will hold a 44% stake in the German broadcast and media group once the conversion is approved and entered into […]