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Tegris Advisors wins multiple ACG New York Champion's Awards for $8 Billion Merger

June, 2011

Tegris Advisors is proud to announce it has received the Corporate Merger of the Year Award and the Media, Entertainment, and Telecom Deal of the Year Award for the merger of Liberty Acquisition Holdings Corporation ("Liberty Acquisition") and Promotora de Informaciones, S.A. ("Grupo Prisa") at the ACG New York Champion's Awards on June 20, 2011. Tegris Advisors previously received the Distressed M&A Deal of the Year Award (over $100 million) at the 5th Annual Turnaround Awards in Palm Beach on March 7, 2011 for this transaction.

 

The merger of Liberty Acquisition and Grupo Prisa, the world's leading Spanish and Portuguese-language media group, closed on November 29, 2010, and the transaction was valued at $8 billion based on the enterprise value for the merged entity.

Tegris served as the exclusive M&A advisor to Liberty Acquisition on the transaction. Tegris advised Liberty Acquisition on all aspects of the merger with Prisa, from target selection to the evaluation of transaction structures and the negotiations with the creditors and other stakeholders. Tegris played a key role in designing a deal structure that addressed challenging macro-economic market conditions as well as specific deal-related complexities.