The private equity wave that has begun restructuring the U.S. media industry is spreading into Europe. Lavena Holding 4 GmbH, which is controlled by funds advised by KKR and Permira, late Thursday
signed a share purchase agreement for the acquisition of German Media Partners L.P.'s majority stake in ProSiebenSat.1 Media AG, Germany's largest TV broadcasting group. Upon completion of the share
purchase agreement, Lavena Holding 4 GmbH will acquire approximately 88 per cent of the voting common shares and approximately 13 per cent of the non-voting preference shares in ProSiebenSat.1 Media
AG and will hold approximately 50.5 per cent of the registered share capital.
