Univision, a leading American Spanish-language media company, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that could raise $1 billion or more, making it a candidate for the largest IPO of 2015.
Univision originally went public in 1996, and in 2007 the company was acquired for $13.7 billion (including debt) by a private equity consortium consisting of TPG, Madison Dearborn Partners, Providence Equity Partners, Thomas H. Lee Partners and Saban Capital. Content partner Televisa (NYSE: TV), the world's largest Spanish-language media company with a $24 billion market cap, also owns a stake in Univision.
The New York, NY-based company, which was founded in 1962 and booked $2.9 billion in sales for the 12 months ended March 31, 2015, plans to list under the symbol UVN. It has not selected an exchange. Morgan Stanley, Goldman Sachs and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
