Permira gets 1.6x return from All3Media exit


tv_screen_170sqPrivate equity firm Permira has exited its investment in TV programming producer and distributor All3Media for £550m to Discovery Communications and Liberty Global.

Permira received a return of 1.6 times from the sale, said PeHUB, citing source with knowledge of the deal.

The London-headquartered company operates in the UK, the US, Germany, the Netherlands and New Zealand. All3Media posted revenues of £505m in the fiscal year to end-August 2013.

The consideration paid for All3Media represents an EBITDA multiple of around 8.5 times.

Earlier this month Permira bought secure remote support software business TeamViewer.

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