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Sept 5 (Reuters) – Liberty 77 Capital LP, a personal fairness fund arrange by former U.S. Treasury Secretary Steve Mnuchin, has purchased a 5.5% stake in Lions Gate Entertainment (LGFa.N), in response to a regulatory submitting on Tuesday.
The buyout fund disclosed that it owns 4.5 million Class A shares of Lions Gate bought for about $30.8 million.
Mnuchin has beforehand made investments in films equivalent to “Avatar”, “Mad Max: Fury Road” and “Suicide Squad”.
As a part of the transaction, Liberty 77 can recommend adjustments or make proposals to Lions Gate or its board when it comes to monetary methods and operations, the submitting stated.
Liberty Strategic Capital, which manages Liberty 77 Capital LP, is concentrated on investing in know-how, monetary providers, fintech firms and corporations which are concerned in creating new types of content material.
Lions Gate, which is engaged in movement image and tv studio operations, declined to remark, whereas Liberty Strategic Capital supplied no additional remark past the submitting.
Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh Kuber and Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
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