Wilmer Cutler Pickering Hale and Dorr LLP and Kirkland & Ellis LLP served as legal counsel. Goldman Sachs, Moelis & Company and RBC acted as financial advisors
Valence Media, a new leader in the entertainment industry, is the result of the combination of three successful media companies: Billboard-Hollywood Reporter Media Group (“Billboard-Hollywood Reporter”), dick clark productions (“dcp”) and MRC.
Valence – with divisions or investments in premium television, wide release film, specialty film, live entertainment and digital media, and an enterprise value approaching $3 billion – anticipates growing both organically and through acquisitions. Tapping decades of leadership and complementary relationships across its businesses, the Company will leverage the expertise and resources of all three businesses.
Valence will be led by Asif Satchu and Modi Wiczyk, the co-founders and co-CEOs of MRC. Satchu and Wiczyk will serve as co-CEOs of Valence. Todd Boehly will serve as Chairman.
Each division within Valence will maintain its individual brand and current leadership team. At dcp, Allen Shapiro will become Executive Chairman, and Mike Mahan will become CEO. Billboard-Hollywood Reporter President John Amato will become CEO. Current leadership will remain in place at MRC with existing leadership assuming additional responsibilities.
The Kirkland team was led by corporate partners Damon R. Fisher (Picture) and Luke Guerra and included corporate associates Jean A. Lee and Melody Fahimirad; debt finance partner David Nemecek and associates Nichole Lopez-Tackett and Liliya Gritsenko; tax partner Sara Zablotney and associate Tristan Evans-Wilent; executive compensation partner Michael Krasnovsky and associate Julia Onorato; and technology and intellectual property transactions partner Seth Traxler and associate Matthew Colman.
Involved fees earner: Damon Fisher – Kirkland & Ellis; Luke Guerra – Kirkland & Ellis; Jean Lee – Kirkland & Ellis; Melody Fahimirad – Kirkland & Ellis; David Nemecek – Kirkland & Ellis; Nichole Lopez-Tackett – Kirkland & Ellis; Liliya Gritsenko – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Tristan Evans-Wilent – Kirkland & Ellis; Michael Krasnovsky – Kirkland & Ellis; Julia Onorato – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis; Matthew Colman – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Valence Media;