ProSieben's PE owners go through lock-up for €1.26bn clean-up
ProSiebenSat.1 Media's private equity owners finally exited their investment in the German TV firm on Thursday night, breaking a lock-up to bring the fifth block trade in the name in the past 12 months.
KKR and Permira sold 16.6% of the company, their entire remaining stake, to raise €1.26bn. The shares were sold at €xx, a 0.7% discount.
The deal was launched at 5pm in London, and was covered 45 minutes later. Bankers told investors around 7pm that orders with any price sensitivity
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