19
Tue, Oct
93 New Articles

Dentons and Rymarz Zdort Advise on SPI International Majority Stake Sale to Canal+

Dentons and Rymarz Zdort Advise on SPI International Majority Stake Sale to Canal+

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Dentons has advised SPI International shareholders Loni Farhi and Berk Uziyel on the sale of a 70% stake in the company to Canal+. Rymarz Zdort advised the buyer.

The transaction remains contingent on regulatory approval. According to SPI, as a result of the deal, "SPI's current owners Loni Farhi and Berk Uziyel will continue to manage and develop SPI’s business with the support of their executive committee, while the parties will be able to generate reciprocal synergies to further strengthen the two groups’ presence in the international markets."

SPI International is a global media company operating 42 TV channels, multiple digital products across six continents, and a player in content distribution and broadcasting worldwide. Founded 28 years ago, the company operates multiple free-to-air and pay-TV channels in the CEE, Western Europe, and CIS regions including key European markets such as Poland, the Czech Republic, Romania, Serbia, the Netherlands, and Russia. It also owns a suite of legacy brands such as FilmBox, Film1, Kino Polska, Stopklatka, Dizi along with different thematic channels and streaming services. Canal+ is a world pay-TV operator and major player in free-to-air television in France. Its international footprint includes 40 countries in Europe, Sub-Saharan Africa, and Asia.

"The acquisition of SPI International is part of the strategy we have been implementing for several years," commented Canal+ Group CEO Maxime Saada. "Canal+ currently has 22 million subscribers in over 40 countries, including 15 in Europe. We have set ourselves the goal of reaching a minimum of 30 million subscribers by 2025, and SPI International will certainly be a key asset in achieving this ambition."

The Dentons team included Budapest-based Partner Rob Irving and Associates Kamran Pirani and Sebastian Ishiguro, Warsaw-based Partners Jakub Celinski and Karol Laskowski, Managing Counsel Arkadiusz Wierzbicki, and Senior Associates Tomasz Kordala and Agata Sokolowska, and Amsterdam-based Partner Kuif Klein Wassink and Associate Nick de Rooij.

The Rymarz Zdort team was led by Partner Marek Maciag with the assistance of Associate Monika Michalowska. It included Partners Monika Kierepa and Iwona Her, Counsel Marek Kanczew, Senior Associate Antonina Falandysz-Ziecik, and Associates Hubert Bracichowicz, Aleksandra Pietrzak, Piotr Krolinski, and Karolina Chudy.

Turkey Knowledge Partner

NAZALI offers a broad range of services in the fields of Tax, Audit, Corporate and Commercial Law, Mergers & Acquisitions, Corporate Finance, Banking, Finance and Capital Markets, Protective Legal Services and Dispute Resolution, Personal Data Protection and Privacy, Social Security and Labor Law, Occupational Health and Safety, Competition Law, Intellectual Property Law and R&D, Compliance and White-Collar Crimes, Administrative Law, Real Estate Law, Customs and Foreign Trade, Accounting and Payroll, Financial Incentives and Advisory Services and Public Administration and Compliance through its partners, associates and consultants of different seniorities who have both public and private sector experience.

What sets NAZALI apart from others is that NAZALI offers a truly comprehensive service to its clients with experts from different disciplines working collaboratively as a team under one roof enabling us to evaluate all dimensions of legal matters together with financial and technical matters.

The services that NAZALI provides to its clients include the most appropriate solution with the support of technical departments specialized in their fields. In this context, NAZALI associates are supported by NAZALI technical team and work alongside the experts in the fields of finance, social security and customs matters. NAZALI has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

As conditions continuously evolve, NAZALI always aims to further itself remaining true to its motto “GROW WITH KNOWLEDGE” and has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

Firm's website: http://www.nazali.com

Our Latest Issue