Media
Deal focus: Affinity agrees chaebol restructuring carve-out
Apple iTunes store has a library of more than 26 million songs, a presence in 119 countries and revenues of $12.9 billion in 2012. Its US market share is around 63%.
Affinity pays $239m for majority stake in Korean music platform
Affinity Equity Partners will pay KRW265.9 billion ($239 million) for a 52.6% stake in Loen Entertainment, a South Korean record label and digital music platform. The holding is being divested by SK Planet, a subsidiary of SK Telecom, the country's largest...
Providence ups stake in India's Hathway Cable & Datacom
Providence Equity Partners has increased its stake in Indian cable and broadband operator Hathway Cable & Datacom by injecting INR1.5 billion ($25.1 million) alongside the promoter.
MBK considers IPO for Taiwan’s CNS – report
MBK Partners is reportedly considering an IPO for China Network Systems (CNS), Taiwan’s largest cable TV and broadband provider, in place of a longstanding trade sale agreement that has yet to materialize amid regulatory concerns.
Media entrepreneurs to create China alternative investment group
Chinese media entrepreneur Bruno Wu and Thomas Middelhoff, former CEO of German media group Bertelsmann and Arcandor, are to form a China-focused media and investment joint venture, pooling assets with revenues of $1-2 billion.
DBJ, SMBC, Mitsubishi UFJ back Japan's Adinnovation
The Development Bank of Japan (DBJ) , SMBC Ventures and Mitsubishi UFJ Capital have together invested JPY160 million ($1.5 million) in marketing specialist Adinnovation.
Macquarie commits $58m to Prime Focus World
Macquarie Capital has invested $53 million in Prime Focus World (PFW), the creative services division of India-headquartered entertainment company Prime Focus.
AID Partners-backed Prime Focus to open in China
Prime Focus, a global movie effects and entertainment company headquartered in India and backed by Hong Kong PE firm AID Partners Capital, is to open an office in Beijing.
KKR, Blackstone, Carlyle among bidders for SingTel Australia unit - report
KKR, The Blackstone Group and The Carlyle Group are said to have submitted first-round bids for Optus Satellite, the Australian satellite unit of Singapore Telecommunications (SingTel).
PE-owned MediaWorks New Zealand enters receivership
Creditors are poised to take control of Ironbridge Capital-owned MediaWorks as the New Zealand broadcaster and its subsidiaries went into receivership.
Hony to set up China film fund with Shanghai Media Group
Hony Capital will team up with SMG Pictures to launch a joint film and television fund worth a reported RMB3 billion ($489 million).
Providence Equity loses Asia MD - report
The head of Providence Equity Partners' Hong Kong office, Patrick Corso, has reportedly resigned. It is the fourth senior departure from the firm's Asian operation since it was established in 2007.
Clearstone-backed Games2Win acquires Indian start-up
Games2Win, an Indian online gaming business backed by Clearstone Ventures, has acquired Backyard Game FactoRy (BGF) - a New Dehli-based game developer.
CVC eyes IPO for Indonesian cable operator LinkNet - report
LinkNet, the Indonesian cable television and broadband operator in which CVC Capital Partners holds a 49% stake, is reportedly targeting an IPO this year. It would be the second share offering in 2013 by one of the private equity firm’s Indonesia-based...
SingTel Innov8 leads Series C round for TubeMogul
SingTel Innov8, the venture capital arm of Singapore Telecommunications, has led a $10 million Series C round of investment in TubeMogul, a global video marketing platform.
End of an era as KKR sells Seven West
With KKR's exit from Seven West Media, the two investments that arguably defined Australia’s boom market of the mid-2000s have now entered the history books.
East Ventures leads seed funding round in Japan's TwitCasting
East Ventures has led a JPY64.8 million ($633,000) round of seed funding in Moi Corp., the Japanese company behind social video application TwitCasting.
Japan's NTT Docomo acquires Guam cable operator from Seaport Capital
Japanese wireless operator NTT Docomo has acquired Guam cable operator MCV Broadband from New York private equity firm Seaport Capital for an enterprise value of approximately $130 million.
PE-controlled Chinese cinema equipment maker files for US IPO
Chinese digital cinema equipment manufacturer GDC Technology, a portfolio company of The Carlyle Group and Yunfeng Capital, has announced plans to raise up to $75 million through a NASDAQ IPO. With only two Chinese firms managing to go public in the US...
KKR exits Australia's Seven West Media
KKR has exited its stake in Australia’s Seven West Media via the public market, raising around A$265 million ($260 million). The private equity firm invested in what was then Seven Media Group in 2006 at the height of the buyout boom, before merging...
Tata Capital to buy minority stakes in Tata Sky, infra assets
Tata Capital’s Tata Opportunities Fund (TOF) is in the process of buying minority stakes in direct-to-home (DTH) TV provider Tata Sky and TRIL Roads.
Macquarie exits Taiwan Broadband as IPO raises $1.1b
Two funds run by Macquarie have exited Broadband Communications after the Taiwan pay-TV operator’s holding company raised S$1.39 billion ($1.1 billion) through an IPO. The offering by Asian Pay Television Trust (APTT) – of which Broadband Communications...
Capital International backs Philippines media conglomerate
Capital International has invested PHP2.5 billion ($60.7 million) in ABS-CBN Corporation, the Philippines’ largest media and entertainment company. The funding will be used to support ABS-CBN’s platform expansion, including boosting its digital terrestrial...
Time to switch over: India's television market
The digitization of the Indian TV industry should deliver a more transparent system and an effective subscription model. PE firms can help with the infrastructure investment required to get there.