ProSiebenSat.1 Wins M&A Award for Verivox Acquisition
Munich, April 14, 2016. ProSiebenSat.1 Media SE has won the industry magazine “M&A Advisor’s” international M&A Award in the “Media Deal of the Year” category. The Company received the prestigious award for the acquisition of Verivox, the leading independent consumer portal in Germany. The M&A Award not only honors the size of the acquisition; the prize especially pays tribute to how well it fits into the company’s strategy. For ProSiebenSat.1, the majority investment in Verivox in June 2015 was to this date its largest digital acquisition. The Group thus strengthened its position in the strategically important comparison site segment. ProSiebenSat.1 acquired 80 % of the shares in Verivox for a purchase price of around EUR 170 million plus a variable purchase price component linked to Verivox’s operating result in 2015. The previous owners under the management of Oakley Capital retain a minority interest in the entity. Dr. Ralf Schremper, Chief Strategy & Investment Officer at ProSiebenSat.1: “The M&A Award is a real accolade for the entire team that worked on the Verivox acquisition. This investment was our first strategic digital investment of this size. I am therefore all the more pleased that it has won us one of the most renowned international M&A prizes.” The M&A Award was presented for the eighth time in 2016, whereby the “M&A Advisor” magazine honored the best deals in the respective industry. In addition to the “Media Deal of the Year” category, ProSiebenSat.1 was also nominated for its Verivox investment in the “Cross Border M&A Deal of the Year” category.