Seller: American Securities LLC
Buyer: Crestview Partners
Target: NEP Broadcasting LLC
Price: $800 million
Advisers: Barclays, UBS and AGM (NEP); Morgan Stanley (Crestview)
Lenders: Barclays, Morgan Stanley and GE Capital
Private equity firm American Securities LLC said on Thursday it sold a U.S. media production company to peer Crestview Partners, in one of the clearest examples yet of a firm rushing to close a deal before the end of the year to avoid a potentially larger tax bill, according to sister news service Reuters.NEP Broadcasting LLC, a Pittsburgh-based provider of trucks used as mobile production units for television networks such as ABC, Fox and ESPN, was sold to Crestview for roughly $800 million, two sources familiar with the situation said. Jeff Marcus, a ...