Private equity-backed Spanish language broadcaster Univision Communications has reportedly been in talks with banks about an IPO.
The board is evaluating the company’s strategic option and is leaning towards an IPO, which could come in the second half of 2014, said Reuters, citing three people familiar with the matter.
Univision Communications is backed by private equity firms Madison Dearborn Partners, Providence Equity Partners, TPG Capital and Thomas H. Lee Partners, which acquired the business in a $12.3bn take-private deal in 2007.
Univision reported a 28 per cent increase in earnings to $40.7m for the second quarter of 2013, while revenues climbed 10.4 per cent year on year to $676.5m.
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