Kirkland Advises PPF on a Public Partial Acquisition Offer to Increase its Shareholding in ProSiebenSat.1
Kirkland & Ellis has advised PPF IM LTD on a public acquisition offer in the form of a partial offer to the shareholders of ProSiebenSat.1 Media SE ("ProSiebenSat.1") to increase its shareholding in ProSiebenSat.1 to up to 29.99%.
PPF IM LTD is an indirect subsidiary of PPF Group N.V. PPF Group is a family-owned and diversified international industrial holding rooted in the Czech Republic. It operates in 25 countries in Europe, Asia, North America and South Africa. PPF Group owns assets to the value of EUR 41.7 billion and employs 45,000 people globally as of 31 December 2024.
ProSiebenSat.1 is the home of popular entertainment and infotainment and a leading entertainment player in the German-speaking region. It operates 15 free and pay television stations in Germany, Austria and Switzerland. ProSiebenSat.1 Group generated revenues of EUR 3.9 billion in the financial year 2024 and has 7,041 employees in full-time equivalent positions as of 31 December 2024.
Read the transaction press release
The Kirkland team included transactional lawyers Benjamin Leyendecker, Achim Herfs, Thomas Hornberger, Frederick Eggert and Maximilian Licht; antitrust & competition lawyers Philipp Gnatzy, Alasdair Balfour and Lara Steinbach; and debt finance lawyers Alexander Längsfeld, Fabrice Hipp and Daniel Borg.
