PwC Legal advises Klambt media group on the acquisition of TV programming guides from Funke media group
Frankfurt am Main, May 5, 2014
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided extensive advice to Klambt Programmzeitschriften GmbH, a company of Klambt media group, on the acquisition of ten TV programming guides from Funke media group by means of an asset deal.
The focus of the advice was on negotiating the sales agreement regarding the magazine operations and all financing agreements. Funke media group had previously purchased from Axel Springer SE various print media titles, among these the TV programming guides „Funkuhr“ and „TV neu” as well as the licensing rights to publish „Bildwoche“. As one of the competent antitrust authorities involved the German Cartel Office (Bundeskartellamt) made its agreement to the completion of the sales contract between Axel Springer and Funke, signed in December 2013, contingent on Funke selling various TV programming guides to an independent acquirer accepted by the Bundeskartellamt. In addition to the TV programming guides named above Klambt also purchased the following magazine titles from Funke: „Super TV“, „Funkuhr“ „Die 2“, „TV 4 Wochen“, „TV 4×7“, „TV piccolino“, „TV GENIE“ and „My TV“.
Klambt media group is headquartered in Speyer and has editorial offices in Baden-Baden, Hamburg and Berlin. The group publishes about 50 different magazine titles, including several weekly women’s magazines, the people magazine OK!, puzzle magazines as well as cooking and baking magazines. In 2012, Klambt media group had 475 employees; the group’s revenues amounted to approximately 75 million Euros.
Advisor of Klambt media group
PwC Legal, Karlsruhe:
Armin Bader (corporate/M&A), Andreas Rupp (lead management, corporate/M&A), Hendrik Stroborn (lead management, corporate M&A/financing), Hans Ganter, Fabian Reichert, Julia Lippke (all corporate/M&A)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC:
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 149 countries with over 370,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.