trending Market Intelligence /marketintelligence/en/news-insights/trending/sLfmuQvt0rXNJ1BnxNAuIA2 content esgSubNav
In This List

H.I.G. Capital makes offer for majority stake in Lagardère unit

Blog

Live TV still dominates most TV viewing in Asia

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Credit Risk Trends for Telecom & Tech: A Mid-Year 2021 Outlook

Blog

Summer box office rebounds in 2021


H.I.G. Capital makes offer for majority stake in Lagardère unit

Private equity firm H.I.G. Capital LLC offered to acquire a 75% stake in Lagardère Sports, a unit of French media company Lagardère SCA.

The transaction pegs Lagardère Sports' enterprise value at about €110 million, inclusive of net cash and liabilities.

The stake purchase would support Lagardère Sports' strategic plan, while allowing Lagardère to focus on its publishing and travel retail businesses.

The deal is expected to close before the end of the first quarter of 2020, subject to antitrust approval and a consultation with the relevant employee representative bodies. Lagardère will keep a 25% stake in Lagardère Sports following the transaction.