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New Deal


Announced

Blackstone-backed Candle Media to acquire Faraway Road Productions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Entertainment

Israel

Pending

Private Equity

Friendly

Private

media entertainment

Acquisition

Cross Border

Single Bidder

Majority

Synopsis

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Blackstone-backed Candle Media, the next-generation media company, agreed to acquire Faraway Road Productions, a global media and entertainment company. Financial terms were not disclosed. "Faraway was founded to bring authentic and engaging international stories to global audiences. Partnering with Kevin, Tom, Blackstone and the unbelievable creators that are part of the Candle family will allow us to significantly accelerate that, while participating in creating the next-generation media company that puts creators first," Lior Raz and Avi Issacharoff, Faraway Road Productions Co-CEO's.

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