BaFin approves for the first time unpaid equity commitment as a Tier 2 ancillary own-fund item, creating a cash-efficient alternative to group-internal own-fund financing
17 May 2024
Mediawan and LEONINE Studios (‘LEONINE’), which are both financially backed by KKR, have announced the signing of a definitive agreement for LEONINE to combine forces with Mediawan in an all-stock transaction. The combination creates one of Europe’s premier independent studios.
Hengeler Mueller advises KKR on the transaction together with the French Best Friends law firm Bredin Prat.
Hengeler Mueller team for KKR
Corporate/M&A: Christian Schwandtner (partner, lead, Düsseldorf), Alexander Bekier (counsel, Berlin), Susanne Struth, Julia Redbrake (both Düsseldorf), Henrik Gildehaus (Frankfurt, all associates),
Employment: Hendrik Bockenheimer (partner), Mona Geimer (associate, both Frankfurt),
Merger Control: Philipp Neideck (partner), Anja Balitzki (counsel), Paulina Gehrckens (associate, all Düsseldorf),
Regulatory/Media Law: Jan D. Bonhage (partner), Tobias Schubert (counsel, both Berlin), Jan Schülting (Düsseldorf), Tassilo Keiber (Berlin, both associates).
