GHP Funds


SVP I, the debut fund for the firm, closed in December 2002 and invested with four highly successful leveraged buyout funds. SVP I is diversified by sector and geography.

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SVP II is a leveraged buyout fund of funds which closed in December 2006. SVP II represents a continuation of the successful strategy utilized by the predecessor fund, primarily investing with large, top tier LBO and growth equity firms. SVP II is diversified by sector and geography.

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SVP Real Estate I, LP ("SVP RE I"), closed in February 2008, is a private real estate fund of funds. As with SVP I & II, SVP RE I received allocations with historically successful, highly sought after underlying fund managers who pursue compelling investment strategies. The fund is diversified by sector (Office, Hotel, Industrial/Warehouse, Retail and Residential) and geography (U.S., Europe, and Asia/Pacific).

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The GHP Credit Opportunity Fund (“GHP COF”) is a fund of alternative credit and distressed debt funds that is being raised and invested to pursue two specific investment themes: (1) the de-leveraging of European Banks, and (2) the potential for a distressed cycle in U.S. High Yield Credit. GHP COF will pursue complex liquid and illiquid credit opportunities in the U.S. and Europe.

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GHP Library

Madison Dearborn seeks IPO for Univision

Univision owners look to cash out with IPO
By Brian Stelter @brianstelter

Univision’s private equity owners have been talking about cashing out for years. Now they’re taking their most concrete step yet — enlisting big banks to underwrite an IPO.

Goldman Sachs (GS) and Morgan Stanley (MS) will jointly lead an initial public offering, possibly sometime later this year, according to an executive familiar with the plans.

Univision’s plans could change, as they have before. But if they progress, the stock offering would be a landmark moment for the biggest Spanish-language broadcaster in the United States.

Last year Univision’s owners held talks with a number of potential buyers, including Time Warner (TWX), the parent company of this web site, and CBS.

Those talks weren’t fruitful, and now the network is pursuing an IPO.

Reuters first reported the IPO plans on Tuesday and said a third bank, Deutsche Bank (DB), will also be involved. Reuters said the IPO could “raise more than $1 billion and value the private equity-owned company at as much as $20 billion, including debt.”

Last summer, when the talks with Time Warner and CBS were reported, The Wall Street Journal said Univision’s owners were seeking “north of $20 billion.”

The company’s owners include Haim Saban’s Saban Capital Group, TPG Capital, Thomas H. Lee Partners, Providence Equity Partners, and Madison Dearborn Partners.

Saban led the acquisition back in 2007 for $13.7 billion, including debt.

A spokeswoman for Univision declined to comment on Tuesday night, as did representatives for the banks.

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