Twickenham Studios Chair Sunny Vohra Takes Major Stake In APX Group Media Fund
deadline.comLondon-based businessman and Twickenham Studios chair Sunny Vohra has acquired a 6.95% in APX Corporation Inc, the parent company of the American-European media fund, the APX Group.
The investment makes Vohra one of the group’s biggest individual shareholders. Under the operation, Vohra also joins the board of directors and the acquisition committee, overseen by the board.
Vohra’s investment of more than $70M for his 6.95%, implies a total market cap value for the fund of more than $1.1B. The transaction is part of a strategic restructuring leading up to APX Group’s expected listing on the New York Stock Exchange later this year. New York’s Loeb & Loeb LLP, headed by Vice Chair Mitchell S.
Nussbaum (and Co-Chair of Capital Markets and Corporate) has been retained by APX Group to advise on this deal and others leading up to the public merger on the NYSE later this year.
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