Univision’s Sale of a Majority Stake to Searchlight and ForgeLight

On February 25, 2020, Univision Holdings, Inc. (together with its wholly owned subsidiary, Univision Communications Inc., “Univision”), a leading media company in the United States, Searchlight Capital Partners, LP (“Searchlight”), a global private investment firm, and ForgeLight LLC (“ForgeLight”), an operating and investment company focused on the media and consumer technology sectors, announced a definitive agreement in which Searchlight and ForgeLight will acquire a majority ownership interest in Univision from all stockholders of Univision other than Grupo Televisa, S.A.B. Terms of the transaction were not disclosed. Cravath is representing Univision in connection with the transaction.

The Cravath team is led by partner Robert I. Townsend III and includes associates Daniel J. Cerqueira, Jin-Kyu Baek, James Ding, Michael P. E. Dooley and Maria Ricaurte on M&A matters; partners Michael S. Goldman, Andrew J. Pitts, Stephen M. Kessing and C. Daniel Haaren and associate Cole Dumond on financing matters; partner Stephen L. Gordon, associate Andrew T. Davis and foreign associate attorney Ocka A. Stumm on tax matters; partner Eric W. Hilfers, senior attorney Romica Singh and associate Brian Diliberto on executive compensation and benefits matters; partner David J. Kappos and associate Kathryn‑Ann Stamm on intellectual property matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law on real estate matters.