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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.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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