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New Deal


Announced

Completed

NEP Group completed the acquisition of Prysm Collective, Lux Machina and Halon Entertainment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Completed

Friendly

online entertainment services

Private

Entertainment

Acquisition

Single Bidder

Domestic

Synopsis

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NEP Group, a provider of customized broadcast solutions, completed the acquisition of three provider of entertainment services Prysm Collective, Lux Machina and Halon Entertainment. Financial terms were not disclosed. “The vision for NEP Virtual Studios is the same as we have for our Broadcast Services and Live Events businesses: to be the world leader in helping clients and creators bring their content to life. When we first started talking to Prysm Collective we were amazed at how closely they were aligned with one of NEP’s newest strategic objectives of building out the leading global virtual production business. It was clear that joining forces would accelerate the path forward for NEP, Prysm, Lux Machina and Halon together," Brian Sullivan, NEP Group CEO.

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