The Chernin Group Announces Strategic Investment from Qatar Holding

LOS ANGELES--()--The Chernin Group ("TCG"), which manages and invests in businesses in media sectors globally, today announced that it has secured a significant equity investment from Qatar Holding LLC. In addition to an existing investment from Providence Equity Partners and other shareholders, TCG will use this capital to expand and diversify the Company’s media and entertainment operations in the U.S. and across Asia. Financial terms of the deal were not disclosed.

“Building on our successful investment partnership with Providence formed earlier this year, we are pleased to expand our formidable shareholder group with the addition of Qatar Holding, a distinguished investor and strategic partner,” said Peter Chernin, founder and Chief Executive Officer of TCG. “This transaction marks another important milestone in our Company’s evolution. This capital and partnership position us well to continue to pursue the most compelling areas of growth in the global media industry.”

“Peter Chernin is building TCG into a world-class media company. He and his team have proven success in identifying and developing opportunities in the U.S. and Asia,” said Ahmad Al-Sayed, Managing Director and Chief Executive Officer of Qatar Holding. “We look forward to partnering with TCG and Providence, working closely with them, supporting the ongoing development of their current portfolio of investments as well as the Company’s growth through future endeavors.”

Jonathan Nelson, Chief Executive Officer of Providence, said, “We are excited about TCG's momentum since our investment and are pleased to welcome Qatar to the partnership.”

Allen & Co. LLC acted as financial advisor to TCG. Legal advisors included Gibson, Dunn & Crutcher LLP for TCG and White & Case LLP for Qatar Holding.

About The Chernin Group

The Chernin Group (TCG) is a privately held, independent media holding company based in Los Angeles, California founded by Peter Chernin. TCG has built, managed, operated and invested in businesses in the media, entertainment, and technology sectors around the world since 2010. TCG's assets include Chernin Entertainment, which produces feature films and television programs; a majority stake in Hong Kong-based CA Media, which builds, manages and operates media, entertainment and technology businesses in Asia; and several strategic investments in technology and media companies in the U.S. including Pandora, Fullscreen, Tumblr, Flipboard and Scopely. Providence Equity Partners, Qatar Holding LLC and other shareholders are strategic partners of and investors in TCG.

About Qatar Holding LLC

Qatar Holding LLC, a wholly-owned subsidiary of Qatar Investment Authority, is a global investment institution and a preferred partner of choice for investors, financiers and other stakeholders. Key investments of Qatar Holding include Agricultural Bank of China, Barclays plc, Canary Wharf Group (via Songbird Estates), Credit Suisse Group, Harrods Group, Hassad Food Company, Iberdrola SA, J Sainsbury plc, London Stock Exchange, Lagardere, Porsche, Qatar Exchange, Qatar Telecom, Qatar National Bank, Santander Brasil and Volkswagen AG. For more information please visit www.qatarholding.qa.

Contacts

Media:
For The Chernin Group:
Sard Verbinnen & Co
Charles Sipkins/Cassandra Bujarski
310-201-2040
csipkins@sardverb.com/cbujarski@sardverb.com
or
For Qatar Holding LLC:
Stephen Benzikie/Alisdair Haythornthwaite
+44 (0)20 7861 3232
media@qatarholding.qa

Sharing

Contacts

Media:
For The Chernin Group:
Sard Verbinnen & Co
Charles Sipkins/Cassandra Bujarski
310-201-2040
csipkins@sardverb.com/cbujarski@sardverb.com
or
For Qatar Holding LLC:
Stephen Benzikie/Alisdair Haythornthwaite
+44 (0)20 7861 3232
media@qatarholding.qa