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2014-08-08

EQT Holdings AB: EQT Greater China sells Taiwan based Gala TV

EQT Greater China II ("EQT Greater China") has sold Gala TV
Corporation ("Gala TV" or the "Company"), one of the leading cable TV
channel operators in Taiwan, to Yung-tsai Investment Co. Ltd, an
investment vehicle jointly owned by WANG Yung-tsai, WANG Weng-Tsao
and WONG Wen-Yuan.

Gala TV operates four cable TV channels in Taiwan offering a mixture
of in-house produced, commissioned and acquired content. GTV-Drama is
the prime drama channel in Taiwan while GTV-One and GTV-Variety are
among the leaders in the variety genre. Gala TV was established in
1997 and has over the years produced and accumulated a library of
many popular Chinese-language TV programs.

EQT Greater China acquired Gala TV in 2011 and appointed an industrial
Board of Directors with media experts to support the Company in
further developing its content production capability.

Martin Mok, Partner at EQT Partners, Investment Advisor to EQT Greater
China, comments: "Gala TV has developed its offering and content
production during EQT Greater China's ownership and is today a cable
TV channel operator with strong in-house content production
capability. We are convinced that Gala TV will continue its growth
path with Yung-tsai Investment as their new partner."

The transaction received regulatory approvals on July 25, 2014 and
closed on August 8, 2014.

Contacts:

Martin Mok, Partner at EQT Partners, Investment Advisor to EQT Greater
China, +852 2971 5850

Johan Hähnel, EQT Greater China Spokesperson, +46 8 506 55 334

About EQT
EQT is the leading private equity group in Northern Europe, with
portfolio companies in Northern and Eastern Europe, Asia and the US
with total sales of more than EUR 25 billion and over 500,000
employees. EQT works with portfolio companies to achieve sustainable
growth, operational excellence and market leadership.

More information can be found on www.eqt.se

About Gala TV Corporation
Gala TV offers a mixture of in-house produced, commissioned, and
acquired content. The Company was established in 1997 and has over
the years produced and accumulated a library of many popular
Chinese-language TV programs. Gala TV operates 4 cable channels,
which include: GTV-One, GTV-Variety, GTV-Drama and K-Channel in
Taiwan.

More information can be found on www.gtv.com.tw

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http://news.cision.com/eqt-holdings-ab/r/eqt-greater-china-sells-taiwan-...
http://mb.cision.com/Main/87/9625506/272880.pdf

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