Media
Singapore's Asia Media launches $500 million China-focused fund
Singapore-based Asia Media & Technology Capital Management Pte Ltd. (AMTC) has teamed with Beijing-based China Information Broadcast Network (CIBN) to launch a $500 million fund targeting media and digital investments in China.
Quadrant acquires Media Monitors
Australia’s Quadrant Private Equity has taken a 100% stake in region-wide media intelligence and news-aggregating firm Media Monitors for an undisclosed amount.
Providence announces terms on $570 million Study Group deal
Providence Equity Partners has announced a final acquisition price of A$660 million ($570 million) for CHAMP Private Equity and Petersen Investments investee Study Group in its first Australian deal.
Carlyle explores Kbro alternatives after Taiwan Mobile lapse
The Carlyle Group is exploring alternative approaches to allow it to sell its Taiwanese cable investee Kbro after a planned sale to local telecoms operator Taiwan Mobile failed to complete by its end June target date, due to unexpected regulatory hurdles.
Singaporean, PRC firms launch RMB media fund
Sky Films Capital, a Singapore-based PE firm, and China-focused SND Ventures Group have co-launched a RMB1 billion ($147 million) fund to finance PRC businesses related to the media, digital, film and television industry.
KKR completes Intelligence acquisition in Japan
Kohlberg Kravis Roberts & Co. has signed a definitive agreement for the buyout of Intelligence Ltd., the recruitment services subsidiary of Tokyo-based cable broadcaster and media content provider Usen, for JPY32.5 billion ($358 million), with both parties...
Reliance picks up TV stake
Reliance Capital (RCap) has paid an undisclosed sum for an 18% interest in Bloomberg UTV, a business media network in India, diluting the promoters’ stake to 67%.
KKR seeks Intelligence in Japan
US private equity giant Kohlberg Kravis Roberts & Co outbid rival the Carlyle Group and local private equity player Advantage Partners to reach final round talks with Intelligence Ltd., a recruitment services subsidiary of Usen Corp, Japan’s wire broadcasting...
Mizuho Capital to take over Medical Tribune
Japan's Mizuho Capital Partners, the MBO-focused buyout firm 50:50 owned by Mizuho Corporate Bank and its managing principals, will pay JPY5.3 billion ($58 million) to acquire Medical Tribune, a publisher of weekly medical newspapers, from listed Japanese...
Helion, Opus reinvest digital video ad network Jivox
Online video advertising shop Jivox has received a $4 million investment from Opus Capital and Helion Venture Partners, as part of a second-round fundraising exercise that brings its total VC investment to date to $15 million.
New Silk Route to control 80% of INX Media
India-focused growth capital firm New Silk Route (NSR) is poised to take 80% control of struggling INX Media - up from its current 20% - as part of a deal to buy out the stakes of two existing investors, Temasek Holdings and Kotak Private Equity.
HSBC invests India media with Avitel
HSBC Private Equity Asia has made a $10.8 million investment from its $700 million HSBC Asian Ventures Fund 3 into Avitel Post Studioz, a Mumbai-headquartered post-production company working with film and TV clients.
Advantage moves into China with Qin Jia Yuan media deal
New rules give good prospects
Advantage does China TV drama deal with Qin Jia Yuan
Advantage Partners has announced an investment of up to HK$121 million ($15.5 million) into Qin Jia Yuan Media Services Co.Ltd., a Hong Kong-listed company focused primarily on delivering TV dramas for the PRC market.
NZ Yellow Pages LBO debt in standstill deal
Bank lenders who provided the leverage for CCMP Capital Partners Asia (now Unitas Capital) and Teachers' Private Capital's 2007 LBO of New Zealand's Yellow Pages Group have agreed to a standstill on debt repayments until end May.
Helion, Nexus join DFJ on PubMatic
Indian VC firms Helion Ventures and Nexus India Capital Advisors have joined Draper Fisher Jurvetson in a $7.5 million Series C round for their existing investee PubMatic, an online ad revenue optimization business based in California.
Saban Capital, Lionsgate form Tiger Gate JV
Saban Capital Group, a leading US media and communications investment firm, has partnered with US studio Lionsgate to operate Tiger Gate, the new Asian-focused martial arts, action and horror pay-TV distributor and operator.
New Silk Route may take Temasek, Kotak, New Vernon out of INX
New Silk Route Partners has begun talks with fellow investors in India's struggling INX Media, Temasek Holdings, Kotak Private Equity and New Vernon Private Equity, to buy them out of the business.
Blackstone invests world's biggest newspaper with Jagran
In its latest India deal, the Blackstone Group is planning to invest some $50 million in the holding company of print media player Jagran Prakashan, for an undisclosed minority stake.
Carlyle Taiwan Mobile deal hits snag
The Carlyle Group's $1 billion investment into Taiwan Mobile, the island's second largest mobile carrier, has encountered a regulatory problem related to the target's part-public ownership.
Sequoia exits Times Internet
Sequoia Capital India has reportedly exited Times Internet, a legacy asset from its previous incarnation as WestBridge Capital Partners, through a management share buyback.
Temasek, New Silk, New Vernon, Kotak steer 9X sale to Zee in partial INX exit
Temasek Holdings, New Silk Route, New Vernon Private Equity Fund and Kotak Private Equity may see a partial exit from their loss-making Indian media investee INX Media, with the sale of its 9X entertainment channel to the Subcontinent's largest media...
PEP seeks 2H10 Hoyts IPO
Pacific Equity Partners reportedly may be seeking to list Australian cinema business Hoyts Group in the second half of 2010, with a potential value of up to A$1 billion ($900 million).
Providence deal with Baidu confirmed
Leading TMT specialist investor Providence Equity Partners has reportedly sealed its deal with PRC Internet search leader Baidu to invest $50 million into a Hulu-like online video service.