Andrew Hobson
Mr. Hobson has an over thirty year career. building and leading teams of finance executives that intensely focus on the imperative of value creation while working hand-in-glove with operating executives to solve problems, develop and execute on value creating strategies selflessly and creatively. He has deep experience in leading and structuring transactions in capital structures across varying economic cycles. Since 2016, Mr. Hobson is a Partner of Innovatus Capital Partners, LLC, serves as Chief Financial Officer and Chief Compliance Officer and is a voting member of the Investment Committee. He oversees all accounting and finance functions for the firm.
From 1994-2015, Mr. Hobson was Senior Executive Vice President and Chief Financial Officer of Univision Communications Inc. His long and successful tenure at Univision began as a member of the senior three-person team responsible for executing A. Jerrold Perenchio’s leveraged buyout acquisition of Univision from Hallmark Cards in 1992. At varying times during his time at Univision, Mr. Hobson was responsible for financial reporting, tax, treasury, risk management, financial and strategic planning, capital allocation, banking, investor relations, affiliate relations, information technology, procurement, human resources, and corporate administration.
Over the course of his membership of the senior executive team, Univision’s revenues grew from $180 million to $2.9 billion and EBITDA from $38 million to $1.25 billion. Mr. Hobson managed staffs of as many as 400 employees through up to twelve direct reports. He raised tens of billions in debt and equity financing, including the following events:
· Led Univision’s 1996 IPO.
· Initiated and/or negotiated, executed and integrated over 25 acquisitions and complex joint ventures.
· Led $375 million equity private placement with a strategic shareholder in 2001.
· Supported Univision’s private equity shareholders in arranging $10.2 billion in financing for their 2007 LBO, the largest covenant-lite term loan ever completed at the time.
· Supported Univision’s private equity shareholders in a $1.2 billion convertible debt and equity private placement with a strategic shareholder in 2010.
· Designed and implemented a refinancing and maturity-extension strategy for Univision’s balance sheet, affecting issuances totaling over $21 billion from 2009-2015, consistently achieving cost of capital well below index levels
· Prepared Univision for intended 2015 IPO, delayed due to media market headwinds
From 1990 to 1994, Mr. Hobson was a Principal at Chartwell Partners, LLC, the private investment company of A. Jerrold Perenchio, where he executed the $550 million leveraged buyout of Univision Communications from Hallmark Cards yielding significant returns on its initial investment. Mr. Hobson was a Vice President at Bankers Trust from 1984 to 1990 where he was responsible for initiating and executing over 20 acquisition or divestiture engagements.
Mr. Hobson currently serves as Chairman of the Board of Cumulus Media Inc. (NASDAQ: CMLS) and as a member of the Board and Chairman of the Audit Committee of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO).
Mr. Hobson received a B.S.E. with majors in both finance and accounting, magna cum laude, from the Wharton School, University of Pennsylvania.