Hengeler sign; Courtesy Photo Hengeler Mueller, Freshfields and A&O Shearman Advise on €13.5 billion Axel Springer Deal
The German media giant is to become a family business, while its €10 billion classifieds arm will be majority-owned by private equity.
September 20, 2024 at 09:17 AM
2 minute read
Axel Springer, owner of U.S. news sites Politico and Business Insider, is set to become a privately owned media/marketing company, while its classifieds business will operate separately under a new ownership structure led by private equity firm KKR and Canada Pension Plan Investment Board in a deal with a combined value of €13.5 billion ($15.1 billion).
Hengeler Mueller, Freshfields Bruckhaus Deringer, and A&O Shearman are advising on the transaction, according to various people with knowledge of the deal.
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