Permira


Sky invests in Synamedia

Sky has taken an undisclosed minority stake in Synamedia, joining fellow minority shareholder Permira funds in backing the newly independent video software provider. Synamedia said that Sky’s investment will reinforce its position as a long-term technology partner to a growing roster of pay TV operators and media companies. The company was formed last year from the […]

Synamedia opens for business, appoints Americas VP

Investment firm Permira has completed its acquisition of Cisco’s Service Provider Video Software Solutions (SPVSS) group, meaning Synamedia, the company created from the deal, is now open for business.    Synamedia was unveiled as the name for the ex-Cisco video business in September and the company set out its vision and investment focus as a newly independent company […]

Abe Peled returns in Permira-backed acquisition of Cisco video business

A company backed by private-equity outfit Permira is to acquire Cisco’s service provider video software solutions business, with former NDS chairman and CEO Abe Peled to return as chairman of the new venture. When the deal closes, the Permira Funds will create a rebranded company focused on technology for the pay TV industry. Its product […]

Discovery and Liberty buy All3Media for £550 million

Discovery Communications and Liberty Global have agreed to buy UK-based TV programme maker and distributer All3Media for £550 million (€673 million).  The buyers will form a 50-50 joint venture to acquire All3Media, which is known for shows such as Skins, Midsomer Murders, Ramsay’s Kitchen Nightmares and The Only Way is Essex. Announcing the deal, Discovery […]

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 […]

Permira takes All3Media off the market

Permira has taken All3Media off the market after bids reportedly failed to match the private equity company’s valuation of the UK-based producer and distributor. Investment bank UBS had been advising on a sale and various media companies including UK broadcaster ITV and US studio Sony were linked to All3Media, which owns a raft of production […]