Media
MBK's CNS exit stalled for third time
MBK Partners’ exit from Taiwanese media group China Network Systems (CNS) may again face delays, as regulators have asked the buyer to provide more information about intentions for the asset.
Private equity goes to the movies
The economic argument for co-producing films with Chinese partners is compelling, but does the private equity industry have enough local and Hollywood savvy to take advantage of it?
Chinese government backs Sino-Hollywood movie fund
The Chinese government will support a new private equity fund set up to finance movie co-productions with foreign players in China. It is the first-ever state-backed film investment fund.
Sun Media, Harvest Fund to create $800m media fund
Chinese television production firm Sun Media Group has teamed up with Harvest Fund Management to create an $800 million private equity fund that will back local movies.
Saban Capital opens in Hong Kong
Saban Capital Group (Asia), a regional unit of the Los Angeles-based private equity firm controlled by billionaire Haim Saban, has opened a new office in Hong Kong.
Cinemacraft receives funding from 500 Startups
Asian interactive media platform provider Cinemacraft has secured funding from US-based business incubator 500 Startups.
Saban Capital-backed Tiger Gate creates media JV
Tiger Gate, the pay-TV distributor backed by Saban Capital Group, has partnered with Celestial Pictures to establish media company Celestial Tiger Entertainment (CTE).
MediaWorks is latest Oz debt-to-equity target
The phenomenon is known as “loan to own.” Investors buy up companies’ debt on the secondary market and negotiate with the boards to secure what are in effect controlling positions.
CHAMP secures $130m debt for oOh!media deal
CHAMP Private Equity has reportedly secured a senior debt package worth A$130 million ($130 million) to support its take-private of Australian out-of-home advertising firm oOh!media.
Quadrant-backed Media Monitors bolts on China Clipping
Media Monitors, the media intelligence company owned by Quadrant Private Equity, has secured a bolt-on acquisition in the form of media monitoring firm China Clipping.
SAIF Partners backs iStream.com with $5m
Private equity firm SAIF Partners has backed A2 Media, the publisher of online video site iStream.com, with $5 million in equity financing.
Former ChrysCapital MD seeks $350m for new fund
Former managing director of ChrysCapital Brahmal Vasudevan is targeting $350 million for a spin out fund focusing on emerging markets in India and Southeast Asia.