Former Reporter

Buyout firms KKR and Permira have exited the German broadcaster ProSiebenSat.1 by selling their remaining 16.6% shares in the company for around €1.3 billion, according to a statement released by both firms today.

The buyout firms, which had equal ownership of the company, generated around a 1.2 times multiple on the deal, according to two sources familiar with the matter.

KKR and Permira's exit from ProSiebenSat: how the deal unfolded

Buyout firms sell down their final stake in German media company for a 1.2 times multiple

Becky Pritchard

ProSiebenSat.1

Deutsche Bank

Novartis

SVG Capital

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