Network Corporate Finance has advised PROCON MultiMedia AG, Hamburg, on the voluntary, public takeover offer from US-American Production Resource Group, New Windsor.

#Key data

Industry: Services & Leisure
Client: PROCON
Project type: M&A
Description: Sale to strategic investor
Date: September 2009


US-American Production Resource Group (“PRG”), New Windsor (New York), had published its decision through its indirect German subsidiary MHG Media Holdings GmbH on October 19, 2009 to provide a voluntary public takeover offer to all shareholders of PROCON MultiMedia AG (“PROCON”) in accordance with the German Securities Acquisition and Takeover Act (Wertpapierübernahmegesetz or “WpÜG”), in order to acquire all existing shares. With the bidding document of November 4, 2009, PRG offered shareholders of PROCON an acquisition price of EUR 1.30 per share, which translates to an enterprise value (incl. net debt) of approx. EUR 55 million in total.


Target Company

PROCON-Group, which is listed in the Prime Standard, has developed its business since its establishment in 1988 from offering specialised light engineering services to becoming an international full-service provider for events as well as movie and television productions, who covers nearly the full spectrum of technical services even for large-scale projects.


Key facts


Transaction value: EUR 55 Mio.
Sector: Medien
Sales: EUR 85 Mio. (2009e)
Employees: ca. 400
Date: November 2009


The role of Network Corporate Finance

Network Corporate Finance has advised PROCON MultiMedia AG in connection with the transaction and prepared a statement for the management board and supervisory board regarding the financial appropriateness of the offer ("fairness opinion").

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