Pava Partners successfully advised 19 shareholders of REGIOCAST GmbH & Co. KG (REGIOCAST) on the sale of shares to Moira Rundfunk GmbH (MOIRA), a subsidiary of Medien Union GmbH.

Pava Partners was mandated by the group of 19 shareholders to find a buyer for more than 10% of their REGIOCAST shares. As part of a very complex legal process, a limited number of buyers were identified and approached. The experienced media buyer Moira was found to be the ideal partner for REGIOCAST. The acquisition is an important part of the implementation of their radio strategy.

About REGIOCAST

REGIOCAST is a Germany-leading radio company with holdings in several radio stations, radio marketers and other service companies in the media sector. These include e.g. RADIO PSR, R.SA and R.SH Radio Schleswig Holstein.

The remaining shareholders of REGIOCAST include the Kieler Zeitung Verwaltungs GmbH & Co. KG, the Lübecker Nachrichten GmbH, Axel Springer AG, the medienholding:nord GmbH, the BO-Beteiligungsgesellschaft mbH as well as other minority shareholders.

About Moira Rundfunk GmbH

The Moira Rundfunk GmbH is a subsidiary of the media group Medien Union GmbH, headquartered in Ludwigshafen, with various publishers and radio stations. Medien Union GmbH generated a revenue of approximately EUR 1.5 billion.