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Joele Frank is handling the Chapter 11 filing of Vice Media Group as it arranges a $225M bailout from Soros Fund Management, Fortress Investment Group and Monroe Capital.
The Brooklyn-based company’s brands, which include Vice, Vice News, Vice TV, Vice Studios, Pulse Films, Virtue, Refinery29 and I-D, will continue producing content during the reorganization.
Vice TV’s joint venture with A&E and overseas properties are not part of the Chapter 11 filing.
“The accelerated court-supervised sale process will strengthen the company and position Vice for long-term growth, thereby safeguarding the kind of authentic journalism and content creation that makes Vice such a trusted brand for young people and such a valued partner to brands, agencies and platforms,” co-CEOs Bruce Dixon and Hozefa Lokhandwala said in a statement.
Vice Media Group expects to complete the sale in two to three months.
Joele Frank, Wilkinson Brimmer Katcher’s Dan Moore and Scott Bisang represent Vice Media Group.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
