NEP Acquires Broadcast Solutions Group
NEP Group has entered into a definitive agreement to acquire Broadcast Solutions Group, global provider of outside-broadcast (OB) flypacks and leading broadcast-services partner in the Pan-Asian region.
Jones Day represented NEP as lead M&A counsel, and financial terms were not disclosed. The transaction will bring Broadcast Solutions, headquartered in Singapore with offices in India, UAE, and the UK, into NEP’s Worldwide Network. Following this acquisition, NEP will have offices in 16 countries, as well as the ability to support productions across every continent.
Broadcast Solutions has been providing broadcast services for 16 years, covering broadcast projects for a range of high-profile clients and events across a wide variety of sports, including cricket, golf, field hockey, football, tennis, and kabaddi. Following the acquisition, Broadcast Solutions will operate as NEP Broadcast Solutions under the leadership of Saeed Izadi and will continue to be headquartered in Singapore. The acquisition of Broadcast Solutions will make NEP a leading worldwide provider of OB flypacks.
“Broadcast Solutions has an exceptional reputation for service in the Asian and Indian markets, regions that remain key strategic priorities for NEP,” said Kevin Rabbitt, CEO, NEP Group. “This acquisition puts us in the leading position in these markets and enriches our global depth of resources, ensuring we have the best facilities and a highly experienced staff that can cover any project anywhere in the world. The entire Broadcast Solutions team shares our commitment to superior client service and innovation, and I am very pleased to welcome Saeed Izadi and his team into the NEP Worldwide Network as we continue to expand our international broadcast-services business.”
Said Saeed Izadi, CEO/founder, Broadcast Solutions Group, “Becoming a part of the NEP Worldwide Network marks a milestone in our growth. I couldn’t ask for a more closely aligned partner than NEP to bring immediate and significant value to our worldwide clients. I am confident that this transaction will add a great deal of flexibility to our operations and will provide our staff with enriching collaborative opportunities. We are excited to expand our service excellence to a wider reach with the increased support of a worldwide network and a broader pool of resources.