A notification on All3Media’s website reads, “All3Media Has Appointed UBS To Conduct A Strategic Review Of Its Business. Possible Buyers Have Not Been Approached Nor Has ALL3MEDIA Received Any Offers.”
The FT is reporting that two analysts said a multiple of 12 times ebitda was possible, citing the amount paid by News Corp for Shine Productions in February. At a valuation of 12 times its 2009-10 earnings before interest, tax, depreciation and amortisation of £50.7m, it would be worth about £600m.
ALL3MEDIA is Britain’s largest independent television production company. It was formed following the acquisition of Chrysalis Group’s TV division in September 2003, led by Steve Morrison, David Liddiment, Jules Burns and John Pfeil. In September 2006, Permira became All3Media’s majority shareholder.
- News Corporation to acquire Shine Group Posted on February 21, 2011
- All3Media acquires Optomen Television, producer of The F Word Posted on August 29, 2010