Highlight Event and Entertainment AG’s €64.5 million acquisition of shares in Highlight Communications AG from Constantin Medien AG

International law firm McDermott Will & Emery has advised German media group Constantin Medien AG on the sale of 12.4 million shares in Highlight Communications AG to Highlight Event and Entertainment AG.

The transaction raised approximately €64.5 million sales proceeds.

The share sale follows a takeover bid in December 2017, in which Highlight Communications AG acquired 48.39% of Constantin Medien AG. The funds will be used to further solidify Constantin Medien AG’s finances.

The McDermott Will & Emery team was led by corporate partner Dr Philipp Grenzebach (picture), alongside capital markets counsel Simon Weiß. Antitrust partner Christian Krohs also advised.

Involved fees earner: Philipp Grenzebach – McDermott Will & Emery; Simon Weiß – McDermott Will & Emery; Christian Krohs – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: Constantin Medien AG;