France-based Banijay Group has sealed a $2.2 billion deal for Endemol Shine, in a move that will create a new pecking order in the international TV business.
The merged entity will be the largest non-u.S. player in the market, with a bigger catalogue than the main U.K. players, BBC Studios and ITV Studios. Banijay is owned by company chairman Stephane Courbit’s Lov Group and an arm of the Italian conglomerate De Agostini, and Vivendi.
The acquisition needs anti-trust approval. Banijay is understood to be confident the deal will get past regulators. The deal will be financed through a capital increase at Banijay Group and debt financing, including a full refinancing of Banijay and Endemol Shine’s existing debt, supported by Deutsche Bank, Natixis and Société Générale. Banijay’s and Endemol Shine’s respective debt was approximately $486 million ($539.5 million) and $1.83 billion ($2 billion) as of December 2018.
The combined group will...
The merged entity will be the largest non-u.S. player in the market, with a bigger catalogue than the main U.K. players, BBC Studios and ITV Studios. Banijay is owned by company chairman Stephane Courbit’s Lov Group and an arm of the Italian conglomerate De Agostini, and Vivendi.
The acquisition needs anti-trust approval. Banijay is understood to be confident the deal will get past regulators. The deal will be financed through a capital increase at Banijay Group and debt financing, including a full refinancing of Banijay and Endemol Shine’s existing debt, supported by Deutsche Bank, Natixis and Société Générale. Banijay’s and Endemol Shine’s respective debt was approximately $486 million ($539.5 million) and $1.83 billion ($2 billion) as of December 2018.
The combined group will...
- 10/26/2019
- by Stewart Clarke and Elsa Keslassy
- Variety Film + TV
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