Playboy magazine founder Hugh Hefner is teaming up with Birmingham, Mich.-based private equity firm Rizvi Traverse Management to take the publisher private in a deal valuing the media company at about $207 million, according to the Los Angeles Times . A handful of Am Law 100 firms are providing outside counsel to various parties on the transaction.
Skadden, Arps, Slate, Meagher & Flom M&A partner Rodd Schreiber in Chicago is leading a team from the firm advising Playboy Enterprises. The firm has previously represented Chicago-based Playboy on its acquisition of several private companies and a $115 million secured high-yield debt offering. (It’s been a busy deal day for Skadden — the firm is also advising DuPont on its $5.8 billion acquisition of Denmark’s Danisco and serving as regulatory counsel on Duke Energy’s $13.7 billion merger with Progress Energy.)
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
