Noerr advises US investor Lexington Partners on takeover of SevenVentures’ interests

18.07.2017

Noerr has advised the leading US private equity fund Lexington Partners on the acquisition of a large part of the media-for-equity portfolio of SevenVentures, the investment arm of ProSiebenSat.1 Media SE. London partner and office head Dr Thomas Schulz led the transaction.

Up to 16 minority interests held by SevenVentures and other companies in the ProSiebenSat.1 Group will be transferred to the newly founded fund Crosslantic Capital in the course of the transaction. Lexington will acquire a majority share in the fund, and SevenVentures will continue to be involved as a media partner holding a minority interest of 24.5 per cent. The proceeds from the sale will be in the mid tens of millions.

Lexington Partners, the company acquiring the SevenVentures companies, is a leading global alternative investment manager which has acquired investments worth more than US$40 billion up to now. SevenVentures operates a flexible investment model consisting of minority interests and media joint ventures.

Advisors to Lexington Partners: Noerr LLP

Dr Thomas Schulz (lead), Robert Korndörfer (both Corporate/M&A, London), Georg Edelmann, Dr Michaela Engel, Elisabeth Dworschak (all Tax, Munich), Sebastian Voigt (Private Equity, Dresden)

Advisors on English law: Macfarlanes

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Corporate
Mergers & Acquisitions
Private Equity

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