U.S. visual media company Getty Images has revealed that it will receive a $100 million common equity investment from the Getty family, through its family investment vehicles, and Koch Equity Development LLC (KED).
The commitment will be split evenly between the Getty family investment vehicles and U.S.-based KED, an investment and acquisition subsidiary of chemical manufacturing company Koch Industries.
The investment is intended to further advance the achievement of Getty Images' financial goals and accelerate development.
The completion of the preferred and incremental common equity commitment is subject to customary closing conditions and is expected to occur in the first quarter of 2019. Since November 2018, Getty Images has received a total of $600 million in new equity capital investments.