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Loeb & Loeb represented Lemonada Media, an award-winning independent podcast network, in its acquisition by PodX Group, a leading international podcast company based in Stockholm, for a majority stake in the company.
The acquisition marks PodX Group’s first entry into the U.S. market, bringing together two innovative forces in the global podcasting space.
Loeb advised Lemonada Media on all aspects of the transaction, including the structuring and execution of the deal, which involved a private tender offer and a Series A preferred reinvestment into the company.
Lemonada Media, known for its hits including Wiser Than Me with Julia Louis-Dreyfus, Fail Better with David Duchovny and Confessions of a Female Founder with Meghan, Duchess of Sussex, was founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs. The network has launched over 50 original podcasts to date alongside nearly 40 partner shows.
The Loeb team was led by Lloyd Rothenberg, co-chair of the firm’s Capital Markets & Corporate department, and Anne Kennedy McGuire, deputy chair of the Entertainment department and chair of the Podcast industry practice; and included Corporate associate Kate McGuigan; Capital Markets partner Giovanni Caruso; Executive Compensation & Employee Benefits partner Marina Casani; Employment & Labor partner Mark Goldberg; Entertainment Labor Chair Ivy Kagan Bierman; and Entertainment senior counsel Dimitry Krol.
For more information, please see PodX Group’s press release.
The acquisition marks PodX Group’s first entry into the U.S. market, bringing together two innovative forces in the global podcasting space.
Loeb advised Lemonada Media on all aspects of the transaction, including the structuring and execution of the deal, which involved a private tender offer and a Series A preferred reinvestment into the company.
Lemonada Media, known for its hits including Wiser Than Me with Julia Louis-Dreyfus, Fail Better with David Duchovny and Confessions of a Female Founder with Meghan, Duchess of Sussex, was founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs. The network has launched over 50 original podcasts to date alongside nearly 40 partner shows.
The Loeb team was led by Lloyd Rothenberg, co-chair of the firm’s Capital Markets & Corporate department, and Anne Kennedy McGuire, deputy chair of the Entertainment department and chair of the Podcast industry practice; and included Corporate associate Kate McGuigan; Capital Markets partner Giovanni Caruso; Executive Compensation & Employee Benefits partner Marina Casani; Employment & Labor partner Mark Goldberg; Entertainment Labor Chair Ivy Kagan Bierman; and Entertainment senior counsel Dimitry Krol.
For more information, please see PodX Group’s press release.
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Co-Chair, Capital Markets & Corporate -
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Senior Counsel