Central European Media Enterprises (CME) has closed the acquisition of 100% of Bontonfilm from Bancroft Private Equity and minority shareholders.
The fee for the deal is $11 million (€7.64 million) in cash plus an additional amount of up to $1.5 million payable to the sellers by December this year and dependent on Bontonfilm’s OIBDA in 2010, along with cash and capital in the business at closing and satisfaction of certain other indemnification obligations.
Bontonfilm is a film, home entertainment, digital and TV rights distribution company active in the Czech Republic and Slovakia.
CME meanwhile has media interests, including commercial TV stations, in six CEE markets including the Czech Republic and Slovakia.
