June 14, 2022
Shadowbox Studios (Shadowbox), a premium operator of purpose-built soundstage facilities, has announced a strategic investment from Silver Lake, the global leader in technology investing. The investment includes a capital commitment of US$500 million that will support Shadowbox’s growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over US$1.5 billion of expected capital investment. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder.
Latham & Watkins LLP represents Silver Lake in the transaction with a corporate and entertainment, sports and media deal team led by New York partners Justin Hamill and Michael Anastasio and Century City partners Rick Offsay and Kendall Johnson. Advice was also provided on real estate matters by Century City partner Meghan Cocci; on environment, land and resources matters by Los Angeles partner Maria Pilar Hoye; on tax matters by Bay Area partner Katharine Moir; on benefits and compensation matters by Bay Area partner Erin Murphy; and on data and technology transactions matters by Los Angeles partner Ghaith Mahmood and Washington, D.C. partner Tony Kim.