Platinum Eagle fund from Sagansky and Sloan

  •   
  •   
  •   
  •   

Serial media entrepreneurs Jeff Sagansky and Harry Sloan have raised $325 million in their new Platinum Eagle Acquisition fund designed to take advantage of what they say is a particularly compelling time for the industry.

The fund will be listed on the NASDAQ exchange (trading as EAGLU).

The IPO prospectus says the fund will be used mainly for merger and acquisition activity. “Platinum Eagle’s efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While Platinum Eagle may pursue an initial business combination opportunity in any industry or sector, it intends to capitalise on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team’s established global relationships and operating experience.”

Sagansky and Sloan have raised a total of $1.3 billion over the past six years, and built on their past involvements in Sony, CBS, Scripps, MGM, SBS Broadcasting and Lionsgate.

“With our fourth acquisition vehicle, we will continue to look for companies where we can add value based on our experience, particularly media and entertainment companies that can benefit from the digital disruption that has transformed the business on a global basis,” said Sagansky. “As always, we will target fast growing businesses that can benefit from a Nasdaq listing, access to capital, and experienced sponsors.”


  •   
  •   
  •   
  •   

You must be logged in to post a comment Login