Tuesday, April 10, 2007

Private equity investors to buy 24% in NDTV Networks

A number of private equity investors including Lehman Brothers, Goldman Sachs, Credit Suisse, etc. would acquire nearly 24% stake in NDTV Networks, a wholly-owned subsidiary of NDTV India, for $120 mn. NDTV Networks is a UK-based company and has five companies in its fold. It holds 100% in NDTV Labs, which will develop market and sell software and technology products; NDTV Imagine, which will operate a non-news Hindi mass entertainment channel; NDTV Lifestyle, which will provide content to TV channels in India and abroad; and NDTV Convergence, which would house all dotcom and mobile properties of the group. NDTV Networks also owns 50% in NDTV Media Services with Genpact for media process outsourcing.

NDTV India controls news channels, NDTV 24x7, NDTV Profit, among others. The company is also believed to have scrapped its initial public offer for the moment and may reconsider it later.

Read the Business Standard article.

1 comment:

ilanit said...

The world of Los Angeles private equity funds is a fairly rarefied world. The vast majority of these funds are organized as limited partnerships (LP) where the investors are principally institutional investors such as pension funds, banks, and high net worth individuals.The general partner (GP) identifies the opportunity, calls money from its lLP's (also called a drawdown or takedown) up to the amount committed and can do so at any point until the fund is liquidated. When an investment is liquidated, the GP distributes proceeds to the LP's in kind or in cash. The compensation from LPs to GP's consists of a management fee, plus a fraction of the profits called the carried interest.