Milbank LLP advised Fertitta Capital on its equity investment in Moonbug Entertainment in a $120 million financing round led by Fertitta Capital and Goldman Sachs Growth Equity (GS Growth), part of Goldman Sachs' Merchant Banking Division, to support growth and acquisitions, including Moonbug’s acquisition of CoComelon, a children’s 3D animation show and nursery songs channel and the world’s most viewed YouTube channel with over 3.5 billion average monthly views.
Fertitta Capital was formed in 2017 by Lorenzo Fertitta and Frank Fertitta III as the direct investment platform of the Fertitta family. Fertitta Capital targets investments in the media, entertainment, and consumer sectors including content creation and distribution, health & wellness, sports, consumer/retail, gaming, live events, music and operationally intensive real estate.
Moonbug is an award-winning global entertainment company providing values-based educational programming for children.
The Milbank team was led by Global Corporate partner Brett Goldblatt with associates Natalie Chitayat, Alexandra Singer and Sarah Ullathorne; Litigation & Arbitration special counsel Nathaniel Browand; and Tax partner Max Goodman.
