Five Firms Steer Hemisphere Media Take-Private Acquisition, Sale

Paul Weiss is advising Hemisphere Media Group, Inc., which targets U.S. Hispanic and Latin American media markets, on its separate agreements to sell itself for $7 a share and to sell its Spanish-language streaming platform to TelevisaUnivision.

Davis Polk & Wardwell is counseling a special committee of independent Hemisphere board members on Coral Gables, Florida-based Hemisphere’s agreement to be acquired by a subsidiary of Gato Investments LP.

Gato, advised by Covington & Burling, is a portfolio investment of Searchlight Capital Partners, which is getting counsel from Latham & Watkins, according to a statement.

The $7 per share offer price represents ...