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Thursday, March 28, 2024

SPB advises ES Media Group on Crosspoint acquisition

Squire Patton Boggs has advised ES Media Group on its acquisition of 100% of Madrid-based Crosspoint

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ES Media Group, one of the world’s largest operators in the leasing of audiovisual production equipment, with offices in Europe, the UK and the US has acquired 100% of Madrid-based Crosspoint, a company dedicated for more than 25 years to the supply and service of equipment and systems to production, postproduction and and broadcasting companies.

Crosspoint´s customers are top Broadcasting establishments, from the Spanish Administration as well as private, and Production, Post-production and Master Control houses. It has two offices that cover all the country and have direct contact with all of the end customers, both the big ones such as RTVE, Atresmedia 3, Mediaset or Movistar+ and the regional or local ones as TV3, À Punt, ETB, TVG, Aragon TV, IB3 or Betevé. Others are Dorna, Gestmusic, Zeppelin TV, Disney Channel, Eumovil, Mediamovil, Overon, Chello Multicanal, Vertice360, XAL…

The financial terms have not been disclosed.

The SPB´s team advising ES Media Group on this deal was led by Pablo García Oliván, legal director in the firm´s Corporate and M&A department in Madrid, together with associates Luis Gutiérrez and Jaime Arca, of the same department.

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