NautaDutilh advises Banijay Group on its acquisition of Endemol Shine
French content producer Banijay Group has entered into a definitive agreement to buy rival Endemol Shine Group, which is co-owned by The Walt Disney Company and funds managed by Apollo Global Management Inc.
The combination will create the largest non-US player in content production and distribution, with a catalogue that includes well-known brands and formats such as "Black Mirror", "Versailles", "The Millennium Trilogy", "Peaky Blinders", "Big Brother", "MasterChef", "Survivor" and "Temptation Island”.
Upon completion of the acquisition, Banijay Group will own almost 200 production companies in 23 territories and the rights for close to 100,000 hours of content. Total pro-forma revenue of the combined group is expected to be approx. EUR 3 billion for FY 2019. The transaction includes a committed full refinancing of Banijay and Endemol Shine's existing financial debt.