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. […]