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Kinstellar advises on major European media company acquisition

May 2019 – Kinstellar have successfully advised CANAL+ Group on its acquisition of M7 Group, one of the largest independent pay-TV operators in Europe, operating in Benelux, Germany and Central Europe. Gibson Dunn served as lead counsel to the CANAL+ Group. The seller was Astorg, a leading European private equity firm.

The acquisition will allow the CANAL+ Group to expand into seven new European countries. This acquisition is subject to European Commission approval and, once approved, the purchase price will be more than EUR 1 billion.

Kinstellar advised on the transaction in relation to the Czech Republic, Slovakia, Hungary and Romania, and the advice centred around a due diligence investigation and a comprehensive analysis of various regulatory matters.

M7 is an aggregator and distributor of local and international channels via satellite and OTT platforms. It has developed a presence in the Netherlands, Belgium, Germany, Austria, the Czech Republic, Slovakia, Hungary and Romania, with more 3 million subscribers in total.

The Kinstellar teams were led by Karla Rundtová. The Czech team included, in particular, Zdeněk Kučera, Petra Ledvinková and Adam Němec. The Slovak team was managed by Viliam Myšička and consisted of Marko Ernek, Martin Kosa and Livia Miklenciova. Zsombor Orbán was responsible for managing the Hungarian team, including also Ádám Sütő and Dániel Nagy. The Romanian team mainly included Zsuzsa Csiki, Andrei Caloian, Oana Costache and Ioana Narosi.

For more information please contact Karla Rundtová, Of Counsel, at