Paul, Weiss advised China-based investment management firm Hony Capital, along with TPG Growth, in its more than US$100 million equity financing round in STX Entertainment, a film development, production and distribution company.
According to media reports, the round, which has raised US$700 million in total, also includes debt refinancing. Paul, Weiss also assisted Hony Capital in their initial investment in STX Entertainment in 2014. Hony Capital is a private equity arm of Legend Holdings. TPG Growth is the growth capital investment arm of private equity firm TPG Capital.
STX Productions, LLC, an entertainment company, produces, owns, markets, and distributes content at scale in the film industry for global audiences across traditional and digital media platforms.
The Paul, Weiss team included corporate partner Jeanette Chan (Picture) and counsel Corinna Yu.
Law Firms: Paul Weiss Rifkind Wharton & Garrison;
Clients: Hony Capital;