Deals
TV Industry's NEP May Be Put Up for Sale for $2.5 Billion
- Buyout firms working with adviser to examine options
- Crestview first invested in company 2012, Carlyle in 2016
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The private equity backers of NEP Group Inc. are mulling a full or partial sale of the broadcast services company, according to people with knowledge of the matter.
Crestview Partners, which owns most of NEP, is working with an adviser to sell its stake in the company, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Carlyle Group LP has a first option to buy that interest, which could give the company an enterprise value of about $2.5 billion, the people said.