SPAIN - DLJ acquires 25% stake in Santillana

The deal, which is estimated at EUR 250m, should enable Santillana to further develop its presence in Latin America, in particular in Brazil and Mexico.

Prisa operates a Spanish and Portuguese-language print media business focusing on the fields of education, information and entertainment. The company has a presence in 22 countries, reaching 43 million users through its global brands El Pais, 40 Principales, Santillana and Alfaguara.

A month ago New York-based investor Talos Partners invested $56m into media group Prisa, acquiring up to 10 million shares - representing a 4.5% stake in the company - and a warrant for up to 1 million shares at EUR 6 strike price. The investment in Grupo Prisa is Talos' first in a traditional media company.

DLJ focuses in South America in particular Brazil, Argentina and Chile and is co-headed by Marcelo Medeiros, Carlos García (formerly of Brazilian institution Banco Garantía) and Donaldson Lufkin.

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• Topics
• Expansion
• Southern Europe