As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge
, a private equity firm said to be teaming up with Davis, as first reported bySearchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision.
Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, “This is a small investment that Liberty Global Ventures is exploring.” He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global.Univision announced plans to explore its options last summer. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid.
The sale, engineered by then-CEO Jerrold Perenchio in the the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. But it also took full advantage of the go-go market conditions, which were prompting a range of private equity holders to expand their footprints in many sectors of the economy.
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