EURO MEDIA GROUP acquired by PAI PARTNERS
Context
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 LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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Target
Founded in 1983, Euro Media Group is a leading European provider of audiovisual broadcast and filming services. The organization specializes in providing technical production resources for television and cinema, managing an extensive infrastructure that includes 90 studios and 80 mobile filming units. Historically, the company achieved a major milestone in 2001 by acquiring the Société française de Production (SFP), a direct descendant of the former national broadcaster ORTF. The business model is built on international reach, having expanded through strategic acquisitions in the Netherlands, Germany, the United Kingdom, Belgium, and Italy. Its core value proposition lies in supporting complex live broadcasts, sporting events, and large scale studio productions across the European continent. The group operates as a critical technical partner for broadcasters and production companies, ensuring high quality video capture and transmission services through its diverse fleet of mobile units and fixed studio facilities.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 250M - 500M EUR
EBITDA range: 25M - 50M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: euro media group
Acquirer: pai partners