Network Corporate Finance advised Capital Media Group Holding Limited, Nevada/USA on the valuation of their shareholding in the German television channel TERRA NOVA.

#Key data

Industry: Services & Leisure
Client: CMP
Project type: M&A
Description: Sale to strategic investor
Date: December 2004


AB Groupe S.A., France, the majority partner of Capital Media Group, submitted a take-over bid for a 100% interest in the company to the management board and to the minority shareholders of Capital Media Group Holdings Ltd. Capital Media Group Holdings Ltd. operates the German specialist channel TERRA NOVA via its subsidiary Onyx Music Television GmbH.


Target Company

TERRA NOVA is the first European free TV documentary channel and offers a 24-hour programme covering the animal and plant kingdoms, travel and adventure, as well as environmental topics. TERRA NOVA was transmitted for the first time on 1st October 2004 and can be received via cable, satellite and digital terrestrial channels in more than 15 million households.


Key facts

Transaction value: not disclosed
Sector: Media
Sales: no information
Date: December 2004



Capital Media Group Holdings Ltd., Nevada/USA acts as the holding company which holds 100% of the shares in Onyx Music Television GmbH, the operating company of the TERRA NOVA television channel. Capital Media Group previously had a "pink sheet" listing on the New York Stock Exchange.


The role of Network Corporate Finance

Network Corporate Finance advised the clients on the preparation and analysis of its new TERRA NOVA activities and to this end prepared a detailed market analysis and company valuation. The company valuation was used by the management of Capital Media Group as a basis for recommending the current bid and acceptance by the company.

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