Ryan Kavanaugh, Investors to Pay $60 Million for Bankrupt Relativity Assets
Ryan Kavanaugh and a new consortium of investors have put together a total of $90 million for his repurchase of Relativity Media, according to court documents filed Monday. Kavanaugh and a group including VII Peaks Capital, OA3 and Joseph Nicholas are coming to the table with $60 million to buy out debtors for the whole of Relativity’s bankrupt assets, minus its TV division which was won at auction by a group of senior lenders. In addition, Kavanaugh and his new investment team is prepared to acquire $30 million in debt. “The ‘Additional Investors’ have entered into agreements with the Debtors to purchase the.
- 10/5/2015
- by Matt Donnelly
- The Wrap
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