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New Deal


Announced

QIA to invest $150m in Providence-backed North Road.

Financials

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Transaction Value£121m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Media Agencies

movie studio

media studio

United States

Private

Minority

Pending

Acquisition

Friendly

Single Bidder

Private Equity

Cross Border

Synopsis

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Qatar Investment Authority, a sovereign wealth fund, agreed to invest $150m in Providence-backed North Road, an independent studio that produces the TV series. “There will be plenty of opportunities. Rather than find an opportunity we don’t have money for, we’d rather have enough of a bankroll that we have flexibility," Peter Chernin, North Road Chairman and CEO.

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