Investor Group Composed of Anchorage Capital Group, Falcon Investment Advisors & Luxor Capital Group to Acquire Relativity Te...
October 04 2015 - 3:00PM
Business Wire
An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP
(collectively, the “Investor Group”) announced today that it has
been declared the winning bidder for the Relativity Television
business from the Chapter 11 estate of Relativity Media LLC via the
bankruptcy auction process.
The Investor Group said: “We are very pleased about the outcome
of the auction and excited about beginning the process of further
strengthening Relativity Television. As one of the largest
suppliers of high quality television programming in the United
States, we believe there are attractive opportunities to drive
innovation, creativity and growth to enable the business to realize
its full potential. Upon completion of the sale, Relativity
Television will be well-capitalized with a strong and creative
senior leadership team, incredible human resources and valuable
partner relationships, and we are confident that the business will
be extremely well-positioned to achieve sustainable, long term
success.”
The sale of the Relativity Television business to the Investor
Group is expected to be presented to the bankruptcy court at a
hearing on October 5. Assuming the court approves the transactions,
Relativity Television is expected to emerge from Chapter 11 as a
separate company on or around October 20, 2015.
About Anchorage Capital Group
Anchorage Capital Group, L.L.C. is a New York-based registered
investment adviser founded in 2003. The firm manages private
investment funds across the credit, special situations and illiquid
investment markets of North America and Europe using an active long
and short basis, with particular focus on defaulted and leveraged
issuers.
About Falcon Investment Advisors
With offices in Boston and New York, Falcon provides innovative
capital solutions in amounts of $10 million to $75 million to
middle market companies. Since its founding in 2000, Falcon has
invested in over 65 companies in a broad range of industries to
support acquisitions, recapitalizations, buyouts and organic
growth.
About Luxor Capital
Luxor Capital Group, LP (“Luxor”) is a registered investment
advisory firm located in New York and founded in 2002. Luxor acts
as the investment manager to a number of private investment funds
and as of August 1, 2015 had approximately $5.8 billion in assets
under management.
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