Media

Creador takes proprietary route to MNC IPO

One of the biggest criticisms leveled at private equity firms that anchor IPOs is that LPs expect them to do proprietary investments. When Saban Capital and Creador Capital performed the anchor role for MNC Skyvision’s $228 million offering earlier...

CHAMP PE seeks exit from New Zealand’s Blue Star

CHAMP Private Equity-owned Blue Star has suspended trading on the New Zealand Stock Exchange in anticipation of an announcement that the business is up for sale. It comes after the struggling communications company said in June that it had won the support...

Creador confirms MNC Skyvision investment

Creador Capital has confirmed it invested $28 million in Indonesian pay TV operator MNC Skyvision’s IDR2.15 billion ($228 million) IPO. The committed capital includes $13 million from a co-investor.

CHAMP Private Equity’s oOh!media to buy Eye Corp

CHAMP Private Equity’s oOh!media has agreed to buy Eye Corp, Ten Network Holdings’ outdoor advertising business. The deal values Eye at up to A$145 million, of which A$120 million will be paid in cash on completion, with the remainder due in three...

Australia’s PEP sells Hoyts Distribution to Studiocanal

Pacific Equity Partners (PEP) has exited Hoyts Distribution, the largest independent film distributor in Australia and New Zealand, to European film giant Studiocanal. The private equity retains other Hoyts Group assets, including cinema operator Hoyts...

KKR-backed Seven West launches $450m share issue

KKR investee Seven West Media plans to raise approximately A$440 million ($450 million) through the sale of new shares in order to reduce debt levels. The Australian company, which owns the Seven free-to-air network, the country’s second-largest magazine...

Saban, Creador anchor $228m MNC Skyvision IPO

Saban Capital Group and Creador Capital have acted as anchor investors in the IPO of MNC Skyvision, the largest pay TV company in Indonesia. The company, which began trading on the Indonesia Stock Exchange on Monday, raised IDR2.15 billion ($228 million)...

Asiasons buys Australian pre-school show from CVC's Nine

Southeast Asian private equity firm Asiasons Group has acquired Australian pre-school television show Hi-5 from Nine Network Australia and Southern Star Entertainment. Nine Network is owned by the debt-laden Nine Entertainment Group, which is backed by...

VC players back $45m PubMatic mezz round

It is no exaggeration to say that real-time bidding (RBT) is transforming online display advertising. For years, customers bid for slots in bulk, paying a flat rate for each one; there was no way to improve cost efficiency by bidding for particular opportunities.

Indonesian pay-TV operator targets $260m IPO

PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.

Sony increases take in PE-backed India subsidiary

Sony Pictures Television, the international television production and distribution arm of Sony, has increased its stake in Indian subsidiary Multi Screen Media (MSM), which is also backed by private equity investor Capital International. Sony has agreed...

India’s Komli raises $39m from VCs in Series D round

Norwest Venture Partners has led a $39 million round of funding for Komli Media, India’s largest advertising-focused media technology company. Existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated,...

CVC-owned Formula One delays Singapore IPO

CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.

PE giants exit AMC to Chinese investor

Dalian Wanda Group’s ambitions appear to know no bounds. Last week the conglomerate completed what could be the largest ever Chinese takeover of a US company, paying $2.6 billion for AMC Entertainment. Wanda’s goal is to unite AMC’s movie theater...

PE giants sell AMC Cinemas to China’s Wanda for $2.6b

Private equity firms Apollo Global Management, Bain Capital, CCMP Capital Advisors and Spectrum Equity Capital have sold AMC Entertainment, owner of the eponymous cinema chain, to China’s largest entertainment group for $2.6 billion. The deal is thought...

Regulatory delays add $300m to MBK’s CNS price tag

MBK Partners' exit from Taiwanese cable television business CNS could collapse because the prospective buyer is unhappy at how delays in regulatory approvals have added up to NT$10 billion (US$341 million) to the original price tag.

Korea’s Tstone agrees partnership with Newsweek

South Korea’s Tstone Corp. has entered into a partnership with Newsweek to develop the magazine’s business in Asia. This will involve expanding the existing Asian edition of Newsweek across the digital, broadcast and events space.

CVC seizes rare chance to buy HK telecom asset

Private equity mega-deals are a comparative rarity in Hong Kong. Discount pre-IPO investments in large Chinese state-owned enterprises and one is left with a number of significant minority transactions and barely a handful of buyouts. Until last week,...