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Great Hill Partners Acquires Digital Media Group Gizmodo

8Apr By AdityaNo Comments

ACQUISITION

Great Hill Partners Acquires Digital Media Group Gizmodo

Great Hill Partners, a leading growth-oriented private equity firm has acquired Gizmodo Media Group and The Onion, a collection of premium digital content producers, from Univision Communications Inc. The combined assets will form a new company named G/O Media Inc. that will be led by digital content industry veteran James (“Jim”) Spanfeller, who will also be a significant investor in the company. The Financial terms of the deal were not disclosed. Gizmodo Media Group and The Onion which was earlier acquired by the Gawker Media reach more than a third of all Americans online each month with approximately 100 million unique visitors, including its extended network. The Company’s collection of digital-first brands serve young, diverse influencers with content that reflects th...

Lighthouse Invested 51 Crore in Stylam Industries

Lighthouse, a middle market private equity firm focused on growth investments in India's consumer sector today announced that funds affiliated with the firm have made an investment of INR 510 million in Stylam Industries, one of India's leading laminate manufacturers. The investment will be used to accelerate Stylam's expansion in the fast-growing domestic market. Incorporated in 1991, Stylam designs, manufactures and markets a wide range of laminates for residential, commercial and industrial purposes. For FY16, the company clocked revenues of approximately INR 2.5 billion and has demonstrated a revenue CAGR of over 22% over the past five years. It is in the process of commissioning a new manufacturing facility that will double its production capacity. Jagdish Gupta, Managing Direct...

Premji Invest: A Investment group led by Azim Premji

Working quietly since 2006, Premji Invest investment firm has built up positions and funded around 40 publicly listed and private companies out of a corpus of $1 billion (Rs4,290 crore). Yet, its operations are shrouded in secrecy and the firm has consciously avoided building a public profile. Premji Invest is a private equity fund owned by Azim Premji, which manages over $2 billion of Azim Premji's personal wealth by investing in capital markets and picking minority stakes in start-ups, including homegrown e-commerce companies such as Flipkart and mobile payment companies such as Chennai-based Financial Software and Systems. The investment ratio for Premji Invest is analysed as follows: Till date, more than 60% of its total cash have gone in capital markets, buying stocks of firm...