Highlight Event and Entertainment Group has had a PPA for Highlight Communications AG reconducted
June 2022 — Listed on the SIX Swiss Exchange, Highlight Event and Entertainment AG (HLEE) acts through its operating subsidiaries and affiliates mainly in the film, sports and event marketing segments. HLEE’s core competencies lie in the marketing of top international events, such as the UEFA Champions League, and brand development.
Due to the assumption of control in Highlight Communications AG, an independent new purchase price allocation had to be prepared. In particular, this involved the revaluation of the customer relationships and marketing contracts of the sports and event marketing segment.
Our role in the transaction
Oaklins’ team in Switzerland was mandated to conduct this valuation work and to produce a purchase price allocation (PPA) in accordance with the requirements of IFRS 3.
Peter von Büren
CFO & Board member, Highlight Event and Entertainment AG
Talk to the deal team
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn more