Ropes & Gray Represents National Amusements in $125 Million Strategic Investment
Ropes & Gray advised National Amusements, Inc., the majority voting shareholder of Paramount Global, in a $125 million preferred equity investment in NAI by BDT Capital Partners, an affiliate of BDT & MSD Partners, a merchant bank that serves family business owners and founders. The transaction was announced on May 25.
The investment will position NAI for growth and post-pandemic recovery in its operations as movie theater attendance increases. NAI is managed by Shari Redstone, Chair, CEO and President. NAI is a world leader in the motion picture industry operating 837 movie screens in the U.S., U.K. and Latin America.
The Ropes & Gray team was led by corporate partner Jackie Cohen and leveraged finance partner Byung Choi and included litigation & enforcement partners Peter Welsh and Annie Herdman, tax partner Scott Pinarchick, women’s advancement leader Jane Goldstein, capital markets counsel Tristan VanDeventer and Aileen Kim.