Exit : LAVENA / PROSIEBEN
Prosieben is the second largest broadcasting group in Europe, reaching over 78 million households, primarily in Central Europe. Following the pick-up of its sales and strong recovery in Ebitda, the debt borne by the Lavena holding vehicle was repaid in full at par following partial divestment from equity sponsors KKR / Permira.
The Altercap funds were fully repaid at par of their investment into the mezzanine debt issued by Lavena.