Add-on Acquisition • Media

NEP Group Acquires Prysm Collective

On August 3, 2021, NEP Group acquired media company Prysm Collective

Acquisition Context
  • This is NEP Group’s 18th transaction in the Media sector.
  • This is NEP Group’s 11th transaction in the United States.

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M&A Deal Summary

Date August 3, 2021
Target Prysm Collective
Sector Media
Buyer(s) NEP Group
Deal Type Add-on Acquisition

Target Company

Prysm Collective

United States
Prysm Collective is an Epic MegaGrant recipient for the development of virtual production cloud workflows.
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Buyer Overview 1

Buyer

NEP Group

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1986
Sector Media
Employees1,512
DESCRIPTION

NEP is a media services partner for live sports and entertainment that offers a network of experts, cutting-edge technology, and an expansive portfolio of customer-driven, innovative solutions. Through operations in 25 countries, its teams have supported thousands of major productions and events on every continent with excellence and reliability. NEP was formed in 1986 and is based in Pittsburgh, Pennsylvania.


Deal Context for Buyer #
Overall 23 of 25
Sector: Media 18 of 20
Type: Add-on Acquisition 20 of 22
Country: United States 11 of 11
Year: 2021 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Lux Machina

Los Angeles, California, United States

Lux Machina is a provider in developing and engineering technical video solutions for film and TV, broadcast, live events, and permanent installations. They specialize in virtual production, in-camera visual effects, display technologies, and creative screen control solutions. Lux Machina was formed in 2013 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Bright

Vantaa, Finland

Bright is a provider of the event- entertainment- and experience services in Northern Europe and has a presence in Norway, Sweden, and Finland. The company's key areas of expertise include event technology planning and solutions as well as creative content production services for various types of events from small company parties to grand galas and arena concerts. It is also a prominent provider of system integration and offers AV equipment sales and distribution. Bright was formed in 2011 and is based in Vantaa, Finland.

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