KKR, Permira Net $1.8B In Full ProSieben Exit

Law360, New York (January 17, 2014, 11:12 AM EST) -- Private equity firms KKR & Co. LP and Permira confirmed Friday they had raked in about €1.3 billion ($1.8 billion) for their remaining 16.6 percent stake in ProSiebenSat.1 Media AG, more than seven years after buying a majority share of the German broadcaster.

Thursday's sale to unnamed institutional investors, priced at €34.75 per share, closes out an ongoing push to wind down the holding after the buyout firms failed to find an outright buyer for the company. New York-based KKR and Permira kicked off their stock...
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