Broadcast-streaming. Providence Equity Partners is rumoured to be preparing to IPO German home-shopping TV network HSE24 public in 2019 after plans to sell the business fell through. The value is expected to be at least $1.75bn. Founded in 1995, HSE24 (which operates in Germany, Austria, Switzerland, Italy and Russia) has revenue of some €754m and competes with companies such as Liberty Media’s QVC which is seen as an unlikely buyer. But German broadcaster ProSieben is said to be interested. Providence bought its 85% stake in HSE24 for €650m in 2012.
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IPO planned for German rival to QVC
