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Jeff Sagansky’s Double Eagle Sets $500 Million IPO Pricetag

The media-entertainment company will be listed on NASDAQ

Jeff Sagansky‘s Double Eagle Acquisition Corp announced a $500 million pricetag for its initial public offering on Monday.

The IPO is set at 50,000,000 units at $10.00 per unit, including $20 million, or 2,000,000 units, to be sold pursuant to the underwriters’ partial exercise of their over-allotment option.

The public acquisition company, the third led by media executive Sagansky, will be looking at business opportunities in the market cap area of $1.5 billion, including international TV, content to be licensed globally, intellectual property owners/agencies and new emerging platforms.

Double Eagle is sponsored by Double Eagle Acquisition LLC, of which Mr. Sagansky is the Managing Member. James Graf, who served in that capacity for Mr. Sagansky’s two prior public acquisition vehicles, serves as Chief Financial Officer, and Eli Baker, who was a director of one of Mr. Sagansky’s prior public acquisition vehicles, joins the team as Vice President, General Counsel and Secretary.

Harry E. Sloan, who co-led the two prior public acquisition vehicles with Mr. Sagansky, is a major founding investor in Double Eagle alongside the sponsor.

Deutsche Bank Securities and BofA Merrill Lynch acted as joint book runners for the offering, with Sterne Agee CRT and I-Bankers serving as co-managers.