Media
NZ Yellow Pages showcases dangers of bull market LBOs
Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...
Carlyle hits Taiwan regulatory delay in Kbro exit
The Carlyle Group’s planned $1.14 billion sale of Taiwanese cable TV/broadband asset Kbro to the local Tsai family, backers of strategic peer Taiwan Mobile, failed to receive its expected regulatory nod, as Taiwan’s National Communications Commission...
Carlyle Kbro Taiwan deal in line for regulatory approval
The Carlyle Group is due to receive regulatory clearance for the $1.14 billion sale of its Taiwanese cable investee Kbro to the local Tsai family, principal promoters of strategic Taiwan Mobile, after the deal was stalled in June by a regulatory issue.
Permira’s third Asian deal a satellite play
Permira, one of Europe's largest private equity players, has purchased a controlling stake in Asia Broadcast Satellite Ltd. (ABS) from Citi Venture Capital International and ADM Capital for around $200 million.
CDH takes stake in China's Motie Publishing
CDH Investments, the China-focused private equity and VC firm, has made an investment of at least RMB100 million ($14.8 million) in Motie Publishing, a PRC book publisher.
Providence out of bidding race for Taiwan's CNS - reports
PE firm Providence Equity Partners has reportedly dropped out of the race to acquire MBK Partners-backed Taiwan cable operator China Network Systems (CNS) – an asset that could fetch up to $2 billion - leaving players Australian investment bank Macquarie...
Tencent buys Sequoia-, Morningside Ventures- and Google-backed SNS provider
Chinese internet behemoth – and the world’s third-largest internet company – Tencent Holdings has purchased social networking provider Comsenz for a reported $60 million, seeing backers Sequoia Capital, Morningside Ventures and Google exit their...
GGV, Lightspeed Venture invest MediaV
GGV Capital and Lightspeed Venture Partners have together invested RMB100 million ($14.7 million) in the second round of financing raised by MediaV, a leading provider of digital advertising technology and services in China.
Macquarie recruits Garg for TMT
Macquarie Capital has hired Anupam Garg, formerly SVP with Singapore Technologies Telemedia, to be its telecommunications, media, entertainment and technology (TMET) investment banking co-head for Asia.
MBK-backed Taiwanese TV firm gets Sony bid
Japanese electronics giant Sony Corporation has made an NT$6 billion ($188 million) acquisition bid for MBK Partners-backed Taiwanese cable television company Gala TV, according to local reports.
Sino-Murdoch media deal
China's second-largest media company, Shanghai Media Group (SMG) – backed by PE fund China Media Capital – is to purchase the controlling stakes of three News Corp. channels, paying Rupert Murdoch’s company an undisclosed amount for the assets....
Silver Lake says ‘yes’ to Allyes
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. from Focus Media in a $124 million deal to take indirect equity ownership of Allyes and its consolidated subsidiaries and affiliates – a unique...
Sohu sells search engine Sogou stake to Alibaba, funds
China’s top e-commerce player Alibaba Group is to take a 16% stake in Sohu.com Inc.’s online search business Sogou as part of a deal that sees Alibaba and its Chairman Jack Ma, through a separate fund, buy preferred shares, while Sohu’s Chairman...
PE-backed Shanghai Media Group buys Murdoch TV channels
China’s second-largest media company, Shanghai Media Group (SMG) – backed by PE fund China Media Capital – is to purchase the controlling stakes of three News Corp. channels, paying Rupert Murdoch’s company an undisclosed amount for the assets.
Singapore's MDA and Gobi Partners to launch $74 million fund
China-based VC firm Gobi Partners has signed a deal with Singapore’s Media Development Authority (MDA) to launch a S$100 million ($74 million) Singapore-based fund aimed at encouraging domestic digital media companies set up shop in the Mainland market.
Yellow Pages auction up a gum tree?
Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than...
Carlyle completing Kbro exit to Tsais
The Carlyle Group has reportedly finalized the exit of its Taiwanese cable TV investment Kbro to the Tsai business family, owners of Taiwan Mobile, the company that Carlyle originally planned to exit the asset to.
Unitas, OTPP ready NZ Yellow Pages for sale
Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...
MBK CNS process could jumpstart Taiwan deals
North Asia-focused buyout firm MBK Partners has started the formal sale process for its Taiwanese cable TV/broadband asset China Network Systems (CNS) with the first bidding round, forecast to fetch up to $2.5 billion in a deal shaping up to be one of...
Entertainment and media is where it’s at
Just not as glamorous as you thought
CDH Venture invests $10 million in Chinese English TV channel
CDH Venture Partners, the Chinese VC firm linked to CDH Investments, has invested over $10 million in Blue Ocean Network (BON TV), China's first private English-language television channel targeting overseas audiences.
Advantage GPs join media investee Qin Jia Yuan board
Emmett Thomas and Lincoln Pan, respectively Hong Kong-based Partner and Director at Tokyo-headquartered private equity firm Advantage Partners, will be joining the board of the firm's PRC media investee, Qin Jia Yuan Media Services.
KKR, Permira cited for MBK CNS sale
Kohlberg Kravis Roberts & Co. and UK-headquartered Permira are among potential bidders for China Network Systems (CNS), the Taiwanese cable TV asset that MBK Partners is seeking to exit for up to $2.5 billion, according to reports.
Nimbus revives IPO exit plan
3i Group and Oman International Fund investee Nimbus Communications, an Indian broadcaster which operates the Neo Sports and Neo Cricket channels, has revived an IPO plan originally mooted in 2008, and may seek to raise up to INR750 crore ($160 million).