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Announced

Blackstone via Candle Media to invest in Hello Sunshine for $900m.

Financials

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Transaction Value£648m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Entertainment

Single Bidder

Private

Majority

Friendly

Private Equity

media

Acquisition

Domestic

Pending

United States

Synopsis

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Blackstone, a private equity firm, agreed to invest in Hello Sunshine, a media company, for $900m. “Hello Sunshine is a perfect fit for our vision of a new, next generation entertainment, technology, and commerce company. We seek to empower creators with innovation, capital, and scale to inspire, entertain, and delight global audiences with engaging content, experiences, and products,” Tom Staggs and Kevin Mayer, Blackstone Executives.

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