Searchlight Capital Partners and ForgeLight Complete Acquisition of Majority Stake in Univision
By
Staff
3 months ago
New ownership, in partnership with Televisa, will enhance Univision’s digital presence, deepen relationships with Hispanic audiences and communities, and create market-defining content for the next generation of Spanish-speaking viewers
Televisa to maintain its existing ownership and the Program License Agreement with Univision
Veteran media executive Wade Davis becomes CEO of Univision, the leading Hispanic content company in the United States, as part of the acquisition
MIAMI, NEW YORK & MEXICO CITY–(BUSINESS WIRE)–Searchlight Capital Partners, LP (“Searchlight”), a global private investment firm, ForgeLight LLC (“ForgeLight”), an operating and investment company focused on the media and consumer technology sectors, and Grupo Televisa, S.A.B. (“Televisa”) a leading media company in the Spanish-speaking world, today announced the completion
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Wade Davis
Univision has been privately owned since a $12.7 billion deal in 2007.
An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications.
The group includes private equity firm Searchlight Capital and media- and consumer technology-focused operating and investment firm ForgeLight, which Davis launched as CEO last December after leaving Viacom due to its recombination with CBS Corp.
Davis is now taking over as CEO of Univision, which has most recently been run by Vincent Sadusky who took over the firm after Randy Falco retired at the end of 2018. Mexican TV giant Televisa previously elected to retain its stake of about 36 percent in Univision.
By Reuters Staff
2 Min Read
MEXICO CITY (Reuters) - Searchlight Capital Partners and ForgeLight have completed their majority stake purchase of Univision, the largest Spanish-language U.S. broadcaster, while Mexico’s Televisa maintains its minority stake, Univision said on Tuesday.
Searchlight and ForgeLight acquired 64% of the company from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group, Univision said in a statement.
The deal could value Univision at $8 billion to $10 billion, a source familiar with the matter said in February.
Televisa, Mexico’s biggest broadcaster, would keep its existing 36% stake in Univision. Televisa would also retain its programming license agreement with Univision, the statement said.