Twickenham Studios Chair Sunny Vohra Takes Multi-Million Dollar Stake in Media Fund APX Group
variety.comK.J. Yossman Twickenham Studios chair Sunny Vohra has acquired a 6.95% stake in media fund APX Group, becoming one of the main shareholders of its parent company APX Corporation Inc.
Vohra has also joined the board of directors and the acquisition committee. The deal, which was worth over $70 million, reflects a market cap of $1.1 billion for APX.
Loeb & Loeb LLP’s Mitchell S. Nussbaum advised APX Group on the deal. He is also set to advise the company on other deals ahead of a planned public merger on the New York Stock Exchange later this year.
APX Group has a number of feature and longform projects in the pipeline, including the recently-acquired Bret Easton Ellis drama “American Tabloid.” Vohra snapped up Twickenham Film Studios – the home of iconic movies including the original “Blade Runner” – in 2012, prompted by his longstanding passion for film. “I am very pleased to join the APX Group,” said Vohra. “The business structure of APX fits well into my future investment strategy and, of course, my consistent support of the entertainment industry.
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