Lexington Partners

ProSiebenSat.1 sells majority stake in venture assets to Lexington Partners

German broadcast group ProSiebenSat.1’s investment unit ProSiebenSat.1 Ventures has sold what it says is ‘a large part’ of its media-for-equity portfolio of assets to private equity outfit Lexington Partners for a double-digit million euro sum. Up to 16 minority participations of SevenVentures and other Group companies will be transferred to the new Crosslantic Capital fund. […]