EQT Partners Plans To Exit Taiwan Gala TV

Swedish private equity firm EQT Partners is planning to exit its investment in Taiwan cable TV network Gala TV (GTV) for NT$6 billion ($200 million), according to Taiwanese media reports.

Potential buyers include Taiwan business conglomerates Formosa Plastics Group and local financial investors.

Founded in 1997, Gala currently operates four commercial cable and satellite television channels, GTV One, GTV Variety Show, GTV Drama and GTV Channel.

EQT Partners, together with Gala’s general manager Lin Po-Chuan, acquired undisclosed stakes in the company in 2011 from MBK Partners and Taiwan entertainment mogul Yang Teng-Kuei.

EQT Partners has raised approximately €20 billion ($27.6 billion), and employs four strategies: equity, mid market, infrastructure and credit.

China Expert network