Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.
Paul, Weiss is advising Hemisphere Media Group, Inc. in its acquisition of the remaining 75% stake in Pantaya for approximately $124 million in cash from Lionsgate. Prior to the transaction, Hemisphere owned 25% of Pantaya and, upon closing of the transaction, will own 100% of Pantaya. Hemisphere is the only publicly traded pure-play U.S. media company targeting the high-growth U.S. Hispanic and Latin American markets with leading broadcast and cable television, and digital content platforms. Los Angeles-based Pantaya is the leading U.S. Hispanic subscription streaming service.
The transaction will be funded through cash on hand, and approximately $50 million add-on to Hemisphere’s Term Loan B on the same terms as the existing term loan. Separately, Hemisphere has put in place a $30 million corporate revolving credit facility, which will be undrawn at the time of closing the acquisition.
The Paul, Weiss team includes corporate partners Jeffrey Marell, Brian Lavin, John Kennedy and Cullen Sinclair, and counsel Suhan Shim; intellectual property partner Charles Googe; tax partner David Mayo; real estate partner Peter Fisch; executive compensation partner Lawrence Witdorchic, and counsel Uri Horowitz and Meghan Fox; antitrust counsel Yuni Sobel and Marta Kelly; litigation counsel Steven Herzog; and environmental counsel William O’Brien.April 1, 2021