Orient Hontai Capital, one of China’s leading private equity groups, agreed to acquire a majority stake in Imagina Media Audiovisual, part of Spain’s Mediapro Group, one of the largest independent TV firms based out of southern Europe. The transaction gives Imagina an enterprise evaluation of €1.9bn ($2.37bn). “This acquisition is a crucial step towards Orient Hontai Capital’s international expansion in Europe. With strong support from both Orient Hontai Capital and the best-in-class management team of Imagina, we are excited to witness the synergies and potential in China as well as globally, to be realized in the near future,” Tony Ma, Orient Hontai Capital CEO.