WizIQ Raises $4m Series B

Online education platform WizIQ has raised $4 million in Series B investment. The funding is led by Kaizen, an Indian education-focused private equity fund along with German-based global media business Bertelsmann.

KKR, Bertelsmann Pay $168 Million For Chrysalis

Private equity firm Kohlberg Kravis Roberts & Co. and German media giant Bertelsmann will pay 107.4 million pounds ($168.8 million) for U.K.-based music publisher Chrysalis, Reuters reported. At 160 pence per share, the deal represents a 45.5% premium over the company’s closing price on October 29, the day before acquisition talks were announced.

KKR-Bertelsmann Venture Buys Stage Three Music

NEW YORK (Reuters) – A private equity based music joint venture formed by Kohlberg Kravis Roberts & Co and Bertelsmann is to buy music publisher Stage Three Music, adding the rights to songs such as Aerosmith’s “Walk this Way”, the companies said on Thursday. BMG Rights Management, was formed a year ago between private equity […]

BMG/KKR Venture Mulls Investment Options

FRANKFURT (Reuters) – BMG Rights Management, the music venture owned by Bertelsmann and KKR, is looking at a number of potential investment projects backed by bank credit of up to 600 million euros ($852.2 million), a German paper reported. BMG was looking at around 38 prospects to invest in and had received loan promises from […]

Phoenix New Media Raises $25 Million

HONG KONG (Reuters) – The new media arm of Phoenix Satellite Television (2008.HK), one of the few independent broadcasters in China, said on Monday it has received a $25 million investment from a group, including units of Intel (INTC.O) and Bertelsmann. Phoenix New Media, which was founded in 2005, will receive the funds from Intel […]

EU Clears KKR/Bertelsman Joint Venture

BRUSSELS (Reuters) – German media group Bertelsmann gained European Union regulatory approval on Wednesday for a joint music rights venture with private equity firm Kohlberg Kravis Roberts & Co. Bertelsmann, which will own 49 percent of the joint venture, will contribute its BMG Rights Management music rights unit, whose works include those of Kylie Minogue […]

KKR, Bertelsmann Plan Music Venture

NEW YORK (Reuters) – Media group Bertelsmann [BERT.UL] and private equity firm Kohlberg Kravis Roberts & Co are to form a music rights management joint venture, KKR said on Tuesday.

The deal, expected to be announced Wednesday, will create a venture 51 percent owned by KKR and 49 percent owned by Bertelsmann, KKR said.

Such a deal could be a more efficient way of managing rights under one roof, and would mark a more aggressive push into the music business for the privately held German media giant, which has largely exited the industry.

Bertelsmann Drops Out of Springer Auction

LONDON (Reuters) – The auction for a 49 percent stake in German academic publisher Springer Science and Business Media has narrowed to four private equity groups, three people familiar with the matter said on Wednesday. Apax Partners, TPG Capital, Swedish private equity firm EQT (EQT.N) and a consortium of Carlyle Group and Providence are expected […]

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups