Candle Media, the private-equity-backed company that has invested in firms founded by Hollywood stars such as Reese Witherspoon, has settled on its latest target: Exile Content Studio, a producer of Spanish-language films, TV shows and podcasts.
Candle Media, which is run by Kevin Mayer and Tom Staggs, former senior executives at the Walt Disney Company, said on Monday that it was acquiring Exile in a cash-and-stock deal. Exile’s management…