Investor Group Composed of Anchorage Capital Group, Falcon Investment Advisors and Luxor Capital Group to Acquire Relativity Television Business

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Investor Group Composed of Anchorage Capital Group, Falcon Investment Advisors and Luxor Capital Group to Acquire Relativity Television Business

Investor Group Composed of Anchorage Capital Group, Falcon Investment Advisors and Luxor Capital Group to Acquire Relativity Television Business

NEW YORK–(BUSINESS WIRE)–An investor group composed of Anchorage Capital Group, L.L.C., Falcon Investment Advisors, LLC and Luxor Capital Group, LP (collectively, the “Investor Group”) announced today that it has been declared the winning bidder for the Relativity Television business from the Chapter 11 estate of Relativity Media LLC via the bankruptcy auction process.

The Investor Group said: “We are very pleased about the outcome of the auction and excited about beginning the process of further strengthening Relativity Television. As one of the largest suppliers of high quality television programming in the United States, we believe there are attractive opportunities to drive innovation, creativity and growth to enable the business to realize its full potential. Upon completion of the sale, Relativity Television will be well-capitalized with a strong and creative senior leadership team, incredible human resources and valuable partner relationships, and we are confident that the business will be extremely well-positioned to achieve sustainable, long term success.”

The sale of the Relativity Television business to the Investor Group is expected to be presented to the bankruptcy court at a hearing on October 5. Assuming the court approves the transactions, Relativity Television is expected to emerge from Chapter 11 as a separate company on or around October 20, 2015.

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About Anchorage Capital Group

Anchorage Capital Group, L.L.C. is a New York-based registered investment adviser founded in 2003. The firm manages private investment funds across the credit, special situations and illiquid investment markets of North America and Europe using an active long and short basis, with particular focus on defaulted and leveraged issuers.

About Falcon Investment Advisors

With offices in Boston and New York, Falcon provides innovative capital solutions in amounts of $10 million to $75 million to middle market companies. Since its founding in 2000, Falcon has invested in over 65 companies in a broad range of industries to support acquisitions, recapitalizations, buyouts and organic growth.

About Luxor Capital

Luxor Capital Group, LP (“Luxor”) is a registered investment advisory firm located in New York and founded in 2002. Luxor acts as the investment manager to a number of private investment funds and as of August 1, 2015 had approximately $5.8 billion in assets under management.

Contacts

Media
Sard Verbinnen & Co
Steven Goldberg/Cassandra Bujarski/Matt Reid
310-201-2040

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