Swedish Fund Sell Taiwan Pay-TV Group

Private equity group to exit after 3 years

HONG KONG – EQT, a Swedish-owned private equity group with substantial media investments, is proposing to sell its controlling stake in Taiwanese pay-TV group Gala TV.

GTV operates four pay-channels which are carried by the majority of Taiwan’s cable TV platforms. These include a variety channel, a TV drama channel and one dedicated to Korean shows.

The Swedish group acquired a 96.5% stake in the company in Feb 2011, buying it via its Greater China II fund from the Korean investment firm MBK Partners. GTV’s CEO Lin Poa-chuan held the remaining shares.

According to the Economic Daily, EQT is seeking a price tag of some NT$6 billion ($198 million).

Calls to EQT’s Hong Kong office were not returned.

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