TPG Growth, Hony devote $700M to film production business
March 14, 2019
TPG Growth and Chinese PE firm Hony Capital have reportedly led a $700 million investment in STX Entertainment, a Burbank, CA-based film production studio. The deal is said to include $100 million in equity and will allow the business to refinance debt. STX had previously planned to raise around $500 million in a Hong Kong IPO before it reportedly abandoned those plans in October due to turbulent public markets.