M&A Deal Summary

NEP Group Acquires Vitec Broadcast Services

On August 2, 2017, NEP Group acquired media company Vitec Broadcast Services from The Vitec Group for 27M GBP

Acquisition Highlights
  • This is NEP Group’s 10th transaction in the Media sector.
  • This is NEP Group’s 0th largest (disclosed) transaction.
  • This is NEP Group’s 6th transaction in the United States.
  • This is NEP Group’s 4th transaction in California.

M&A Deal Summary
Date 2017-08-02
Target Vitec Broadcast Services
Sector Media
Buyer(s) NEP Group
Sellers(s) The Vitec Group
Deal Type Divestiture
Deal Value 27M GBP

Target

Vitec Broadcast Services

Burbank, California, United States
website
Bexel is a premium outsourced broadcast services and rental equipment focused on the US sports, entertainment and live event production markets.

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Buyer(S) 1

Buyer

NEP Group

Pittsburgh, Pennsylvania, United States

website

Category Company
Founded 1986
Sector Media
Employees1,512
DESCRIPTION

NEP Group, Inc. is a provider of outsourced broadcasting services vital to the delivery of live sports and entertainment events. NEP serves premiere broadcast networks and production companies with state-of-the-art facilities, engineering expertise and technical management to support telecasts of major events and programs.

DEAL STATS #
Overall 14 of 23
Sector (Media) 10 of 18
Type (Divestiture) 3 of 3
State (California) 4 of 6
Country (United States) 6 of 11
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Bexel Global Broadcast Solutions

Burbank, California, United States

Bexel Global Broadcast Solutions is a broadcast equipment rental company that offers cameras, monitors, recorders, terminals and video servers. Bexel Global Broadcast Solutions was established in 1981 and is based in Burbank, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 NZ Live

Auckland, New Zealand

NZ Live Ltd. is an independent playout, outside broadcast and studio provider. The company operates four television studios and two outside broadcast mobile units.

Buy -

Seller(S) 1

SELLER

The Vitec Group

Richmond, United Kingdom

website

Category Company
Founded 1909
Sector Technology Hardware
Employees1,800
Revenue 291M GBP (2020)
DESCRIPTION

The Vitec Group is a provider of products and services for the broadcast and video; photographic; and military, aerospace, and government (MAG) markets worldwide. The Vitec Group was founded in 1909 and is based in Richmond, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Media) 1 of 1
Type (Divestiture) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Bexel Global Broadcast Solutions

Burbank, California, United States

Bexel Global Broadcast Solutions is a broadcast equipment rental company that offers cameras, monitors, recorders, terminals and video servers. Bexel Global Broadcast Solutions was established in 1981 and is based in Burbank, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 RT Motion Systems

Stroud, United Kingdom

RT Motion Systems Ltd. is a provider of wireless motor lens control systems for broadcast, cine and video cameras. Pioneering the use of brushless motors and advanced, long-range wireless technology, RTMotion continues to invest heavily in R&D, working closely with its worldwide network of partners, rental houses and customer base of world class cinematographers and camera departments.

Buy £3M
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