NEP'S POSTPONEMENT OF PUBLIC OFFERING

NEP'S POSTPONEMENT OF PUBLIC OFFERING

Pittsburgh, PA

|

August 4, 2015

NEP Group, Inc. (“NEP”), the largest global outsourced provider of comprehensive live and broadcast production solutions, today announced that it has postponed its previously announced initial public offering.

NEP Group, Inc. (“NEP”), the largest global outsourced provider of comprehensive live and broadcast production solutions, today announced that it has postponed its previously announced initial public offering. NEP’s board of directors, management and sponsor elected to postpone the offering as a result of unfavorable equity market conditions. NEP will continue to evaluate the timing for the proposed offering as market conditions develop.

“Due to the recent volatility and uncertainty in the public markets, we have decided that this is not the right time for NEP to move forward with an IPO,” stated Kevin Rabbitt, CEO of NEP Group, Inc. “We remain a very healthy company with backing from a supportive financial investor, a strong growth strategy in place and great traction executing against that strategy. We are committed to continuing to execute our plan, and we do not believe this decision will impact our ability to meet our on-going growth goals. At NEP, it is business as usual as our team continues to focus on delivering superior service to our clients each and every day,” Mr. Rabbitt added. 

A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.

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.

Contact

For media inquiries, contact NEP: Susan Matis or Meredith Knight

PRESS@NEPGROUP.COM

About NEP

For over 30 years, NEP has been a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. Our services include remote production, specialty capture, RF and wireless video/audio, studio production, audio visual solutions, host broadcast support, post production, connectivity and transmission, premium playout and innovative software-based media management solutions. NEP’s 4,000+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in 87 countries on all seven continents.

NEP is headquartered in the United States and has operations in 24 countries. Learn more at nepgroup.com.

Recent News

NEP Showcases Innovative Workflow Solutions at IBC 2019

PITTSBURGH

|

NEP Group, the world’s leading outsourced technical production partner for premier content producers of live sports and entertainment, is gearing up for this year’s IBC Show, September 13th through 17th, at the RAI Convention Centre in Amsterdam. At IBC, NEP will exhibit in Hall 14, Stand H02, and be staffed with local team members representing their worldwide network.

read more

NEP Group Signs Agreement to Acquire Aerial Video Systems

Pittsburgh

|

NEP Group announced today that it has signed an agreement to acquire Aerial Video Systems (“AVS”). Based in Burbank, California, AVS offers a comprehensive range of HD wireless camera systems, aerial productions and mobile audio and video RF solutions for sports, entertainment and film clients.

read more

NEP Group Hires Jay Deutsch to Lead US Media Solutions Business

Pittsburgh

|

NEP Group, the leading worldwide outsourced technical production partner supporting premier content producers of live sports and entertainment, announced that industry veteran Jay Deutsch joined NEP on August 30th to head its Media Solutions U.S. business. Based in the New York area, Deutsch will lead all sales and client service efforts focused on NEP’s growing suite of media solutions for broadcast and live events. Long-term, he will work to build a U.S.-based team to provide both domestic and worldwide media solutions such as NEP’s cloud-based media asset management platform, Mediabank, remote editing, asset management and storage solutions.

read more

Mediatec Acquires Twentyfourseven

Pittsburgh

|

Mediatec, a Live Events Company of NEP Group and one of the largest audio-visual technology companies in Europe, has acquired Twentyfourseven, a live event and corporate media services provider based in Scandinavia with offices in Stockholm, Oslo and Copenhagen.

read more