Telegraaf Media Group (“TMG”) announces that the shares in Keesing Media Group will be sold to a partnership which will be set up with Ergon Capital Partners. The valuation of 100% of the shares of Keesing implied in the transaction is EUR 150 million. TMG will take a 30% stake in the new partnership. The transaction is subject to approval from the shareholders of TMG and the advice of the works councils of TMG and is expected to be completed within the next two months.

Keesing is the European market leader in the field of puzzle magazines. Over the last couple of years, Keesing has experienced strong growth within TMG both in terms of sales and profitability.

Nielen Schuman acts as financial advisor to Ergon Capital Partners. Click here for the full press release.

 

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