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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
InterMedia, Brener Create Spanish Broadcaster

The deal, valued at $400 million, combines three television networks including Cine Latino, Wapa America and Wapa TV

InterMedia Partners LP is merging its Spanish-language media properties with a new company that is backed by Brener International LLC, a private equity firm based in Beverly Hills, Calif.

Spanish-language movie channel Cine Latino, which Intermedia acquired a 50 percent stake of in 2007 from Grupo MVS, will be folded into InterMedia Español Holdings LLC, and subsequently combined with Brener’s Azteca Acquisition Corp. in a deal valued at $400 million.

Intermedia Español owns Wapa America, a U.S. Spanish-language cable network, and Wapa TV, a broadcast television network in Puerto Rico. 

Azteca is a special purpose acquisition company that raised roughly $100 million in its initial public offering in July 2011.

The new company will be based in Miami and do business as Hemisphere Media Group Inc. It will be a publicly traded U.S. Hispanic television network and content platform.

Deutsche Bank Securities Inc. and Maxim Group LLC are acting as capital markets and financial advisers to Azteca. Morgan Stanley & Co. LLC is InterMedia’s financial adviser. Greenberg Traurig LLP is Azteca’s legal counsel, while Paul Weiss Rifkind Wharton & Garrison LLP is InterMedia’s legal counsel.

 

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