Capitalia advised PR Media Partners in its joint-venture with Metro International to launch a free daily newspaper in Puerto Rico
Guaynabo, P.R., October 12th, 2012 – PR Media Partners, LLC (“PRMP”) has entered into a joint-venture (“JV”) with Metro International, S.A. to launch a free daily newspaper in Puerto Rico. The JV is 30 percent owned by PRMP.
Metro Puerto Rico will be distributed throughout the Island and publication will commence sometime in October, but readers could experience a preview copy of the newspaper commencing on October 2nd, 2012 athttp://www.readmetro.com/en/puerto-rico/sanjuan/
PRMP was created by local and international investors to pursue investment opportunities in the Puerto Rican media sector. PRMP is managed by Capitalia which acts as its exclusive strategic advisor. Akerman Senterfit acted as legal counsel for PRMP and Capitalia.
Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 23 countries across Europe, North & South America and Asia. Metro has a unique global reach – attracting a young, active and well-educated Metropolitan audience of more than 18 million daily readers.
Capitalia assists international investors sourcing, structuring and managing special opportunity investments in Puerto Rico and the Caribbean in general. Additionally, Capitalia provides strategic and corporate finance advisory to international based clients. www.capitaliallc.com
Akerman is a leading transactions and trial law firm known for its core strengths in middle market M&A, within the financial services and real estate industries, and for a diverse Latin America practice. With more than 500 lawyers and government affairs professionals and a network of 19 offices, it is ranked among the top 100 law firms in the U.S. by The National Law Journal NLJ 250 (2012). Akerman also is ranked among the top 100 law firms for diversity by MultiCultural Law magazine (2012) and recognized as the Law Firm of the Year for Diversity – South by Benchmark Litigation (2012).