NEP Group Announces Launch of Initial Public Offering

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Jul 20, 2015, 10:34 ET

PITTSBURGH, July 20, 2015 /PRNewswire/ -- NEP Group, Inc. ("NEP") announced today that it has launched an initial public offering of 13,000,000 shares of its common stock at an anticipated initial offering price between $15.00 and $17.00 per share pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission ("SEC"). In addition, it is expected that the underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,950,000 shares of its common stock. The common stock has been authorized for listing on the New York Stock Exchange under the ticker symbol "NEPG," subject to official notice of issuance.

Barclays and Morgan Stanley are acting as lead joint book-running managers and representatives of the underwriters for the offering. Jefferies, Macquarie Capital and RBC Capital Markets are also acting as joint book-running managers, with Nomura and Stifel acting as co-managers for the proposed offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by emailing: [email protected], or from Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About NEP

NEP provides the technology and know-how to enable clients to produce the worlds' biggest live and broadcast events around the globe. The company is the leading worldwide provider of outsourced production solutions offering technical services for remote production, studio production, video display, host broadcasting and post production. NEP's team of over 1,500 employees are driven by passion and a focus on technical innovation, and together they have supported productions in over 65 countries on all seven continents. Headquartered in the United States, NEP has offices in the United Kingdom, Ireland, the Netherlands, Sweden, Norway, Denmark, Germany, Finland, Switzerland, Belgium, the United Arab Emirates and Australia.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent NEP's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of NEP's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, NEP does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for NEP to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with our initial public offering. The risk factors and other factors noted in our prospectus could cause our actual results to differ materially from those contained in any forward-looking statement.

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SOURCE NEP Group, Inc.