Reshaping Europe’s media landscape:
Pinpointing the drivers of media M&A

IPO Watch Europe
IPO Watch Europe
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January 2015

According to new PwC analysis of M&A deals across the European entertainment and media industry in 2014, the rebound in deals value since the post financial crisis trough has been far more marked than the recovery in deal volumes. Aggregate media deal value in 2013 and 2014 was three times the annual levels of 2010-2012 – an increase that reflects the return of ‘megadeals’ in the media space over the past two years, particularly in the cable and satellite sector.

In the UK, the top 10 entertainment and media deals were led by transactions in the television, publishing and marketing services sectors.

Top 10 UK Entertainment & Media deals in 2014
Date Target Acquiror Sector Deal Value (€m)
March 2014 Trader Media Group Holdings Ltd (50.1%) Apax Partners LLP Online 1,433
December 2014 Endemol (28% Stake), CORE Media, Shine Group Twenty-First Century Fox, Apollo Global Management Television 786
August 2014 All3Media Ltd Liberty Global, Discovery Holding Television 671
September 2014 Channel 5 Broadcasting Ltd Viacom Inc Television 548
December 2014 Perform Group PLC AI PG LLC Marketing Services 498
February 2014 Mergermarket Ltd BC Partners Ltd B2B Media 459
October 2014 Gorkana Group Limited Cision AB Marketing Services 253
July 2014 CSC Media Group Ltd Sony Corp Television 134
August 2014 Engine Group Ltd Lake Capital Partners Inc Marketing Services 126
May 2014 Jobsite UK (Worldwide) Ltd Axel Springer SE Online 110