DEAG Deutsche Entertainment AG
Enhanced signed exchange agreements for approximately 77% of live entertainment and ticketing platform DEAG. Company announcement implies approximately US$115M equity value for 100% of DEAG and approximately US$139M lease-adjusted enterprise value; neither is the price paid for the 77% stake. Proposed consideration is approximately 11M newly issued Enhanced shares at an agreed US$8 issue value, with no cash paid in the acquisition. Separate concurrent US$15M PIPE is financing into Enhanced, not acquisition consideration, and is not added to the purchase price. Closing expected Q1 2027 subject to conditions and regulation. Related-party transaction: Apeiron is both Enhanced's controlling stockholder and a seller. Forward FY2027 revenue/EBITDA are buyer estimates, so revenue and multiple fields remain blank.
- ID
- D227
- Date
- 2026-11-05
- Year
- 2026
- Sector
- Content & commerce
- Target
- DEAG Deutsche Entertainment AG
- Principal talent / founder
- Not specified
- Talent-led
- No
- Acquirer / investor
- Enhanced Group Inc. (from participating DEAG shareholders, including Apeiron)
- Acquirer type
- Sports and live entertainment company
- Deal type
- Proposed controlling stake acquisition (share exchange)
- Stake %
- Approximately 77%
- Deal value ($M)
- Undisclosed
- Implied valuation ($M)
- 115
- Revenue at deal ($M)
- Undisclosed
- Implied revenue multiple
- Undisclosed
- Value confidence
- Disclosed
- Status
- Announced; closing pending
- Term
- Expected Q1 2027; approximately 11M buyer shares at USD8 agreed issue value; no acquisition cash consideration
- Date added
- 2026-11-05
- Last verified
- 2026-11-05
Source: Enhanced Group / Business Wire (company announcement)
Deal value and implied valuation are separate measures. Undisclosed financial terms are not inferred. Read the methodology.