PAI Partners has entered into a definitive agreement to acquire a majority stake in Euro Media Group. The transaction involves the full exit of historical shareholders Bolloré and Allianz Capital Partners, alongside a partial divestment by Banijay Holding. As part of the new capital structure, the Belgian investment firm Sofinim maintains its 22.5% stake, and the co-founding managers, Chantal and Jean-Pierre Barry, also remain as shareholders. This operation follows a period where the company actively sought a new partner after considering an initial public offering (IPO) in 2010. The strategic rationale for the acquisition centers on supporting Euro Media Group’s position as a consolidated leader in the European audiovisual services market. PAI Partners intends to finance the transaction entirely with equity to provide a stable platform for the group's future development. The group’s history of successful cross-border integration, including the acquisitions of UBF Media Group and 3Zero2, provides a robust foundation for further geographic expansion. This partnership is designed to leverage the group's massive technical infrastructure and its status as a descendant of historical production entities to capture growth in the evolving digital media landscape across the Old Continent.

EURO MEDIA GROUP, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN lower than the 13.0x average currently observed in the TMT (Tech, Media, Telecom) sector.

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