M7 Group (Astorg-backed) Acquires Liberty Global's Eastern European DTH Operations

Canal+ (Vivendi) to Acquire M7 Group from Astorg

May 27, 2019

Media & Entertainment

Canal+ Group, a subsidiary of Vivendi, has agreed to buy Luxembourg-headquartered pay-TV operator M7 Group from private equity firm Astorg. The transaction, announced 27 May 2019 and subject to regulatory clearance, expands Canal+'s European pay-TV and OTT footprint and brings M7's ~3 million subscribers and broadband/telephony assets into Canal+'s distribution network.

United Group Sells SBB Serbia to e&/PPF and NetTV Plus (Western Balkans rights) to Telekom Srbija

February 11, 2025

Telecommunications

United Group (majority owned by BC Partners) has agreed to sell SBB doo Belgrade to e& (Etisalat) and PPF Telecom (together “e&/PPF”), and to sell its NetTV Plus business and sports broadcasting rights for the Western Balkans to Telekom Srbija. The combined transactions carry an enterprise value of €1.5 billion (implied EV/2024 EBITDAal of ~10x) and are subject to customary regulatory approvals, expected to close in H1 2025.

Orbyt Global Acquires OTESAT-Maritel from OTE Group

October 8, 2024

Telecommunications

Greek maritime satcom provider Orbyt Global has purchased OTE Group’s 94.09% stake in OTESAT-Maritel. Financial terms were not disclosed; the deal will combine OTESAT-Maritel’s s@tgate platform and expertise with Orbyt Global’s Nexus Shark III platform to expand and upgrade maritime satellite communications and digital services.

Liberty Media Acquires Dorna Sports (MotoGP)

April 1, 2024

Media & Entertainment

Liberty Media Corporation has acquired a majority stake in Dorna Sports S.L., the exclusive commercial rights holder of the MotoGP and WorldSBK championships, in a transaction valuing Dorna at an enterprise value of $4.5 billion and an equity value of $3.7 billion. Liberty bought approximately 86% of the company from Bridgepoint Capital and the Canada Pension Plan Investment Board, with Dorna management retaining roughly 14% equity; the acquisition has been completed and MotoGP is now part of Liberty's Formula One Group.

EQT to acquire 80% stake in Eutelsat's Ground Station Infrastructure Business

August 9, 2024

Telecommunications

EQT Infrastructure VI has entered exclusive negotiations to acquire an 80% majority stake in Eutelsat Group’s Satellite Ground Station Infrastructure Business, in a transaction that values the carved-out entity at an enterprise value of EUR 790 million. Eutelsat will retain a 20% stake and remain an anchor tenant and partner; EQT intends to invest in antenna infrastructure and pursue M&A-driven growth to build a leading independent ground station operator headquartered in France.

TPG Acquires AT&T's Remaining 70% Stake in DIRECTV

September 30, 2024

Media & Entertainment

TPG (through its TPG Capital private equity platform) has acquired AT&T’s remaining 70% stake in DIRECTV, making DIRECTV a wholly owned portfolio company of TPG Capital. The transaction provides DIRECTV with a stronger financial platform to accelerate investments in its next-generation streaming and video services; AT&T is expected to receive approximately $7.6 billion in cash payments through 2029 under the deal terms.