A24, the entertainment company behind hits such as Moonlight and Euphoria, has received an equity investment of US$225 million to fuel a strategic growth plan to invest in and expand its production and distribution operations. The lead investor for the round is Stripes, whose founder Ken Fox will now join A24’s board. Neuberger Berman, on behalf of client funds, co-led a group of investors in the round.
Latham & Watkins LLP represented A24 in the transaction with a multi-disciplined team advising: on corporate and private capital matters led by Boston partners Kristen Grannis and John Miller with associates Erik Thompson and William Wright; on capital markets matters led by New York partner Erika Weinberg with partners Ian Schuman and Marc Jaffe and associates John Slater and Paul Rafla; on entertainment & media matters led by Century City partners Ken Deutsch and Nancy Bruington and associate Liliana Ranger; on tax matters led by Century City partner Pardis Zomorodi; and on employee benefits matters led by Los Angeles partner Larry Seymour.
