Clearlake and Motive-backed software platform BETANXT expands capabilities, growth opportunities with acquisition of Mediant Communications


Transaction builds on firm’s end-to-end wealth solutions software platform, adds investor communications and proxy solutions


New York, NY – March 1, 2023 – BetaNXT, a provider of wealth management infrastructure software with real-time data capabilities and an enhanced advisor experience, today announced that certain affiliates of BetaNXT have acquired Mediant Communications (“Mediant”), a provider of investor communications technology and technology-enabled solutions to banks, brokers, corporations, funds, and investment managers. The acquisition augments BetaNXT’s suite of wealth management solutions, expanding BetaNXT into investor communications through Mediant’s digital-forward communications capabilities, industry experience and reliability.


“Adding Mediant to the BetaNXT platform enhances our ability to be a trusted partner for companies looking to integrate communications into their wealth management platforms. We are now able to offer an additional functionality that will benefit our clients and allow their operations to be more connected,” said Stephen C. Daffron, BetaNXT Chairman and Chief Executive Officer.


Backed by Clearlake Capital and Motive Partners, BetaNXT brings together proven wealth management solutions – Beta, Maxit, and now Mediant – into a single, integrated platform. The BetaNXT approach to improving the advisor experience combines intelligent, user-centric technology with notable industry perspective, and a robust partner network. With an operating history of over 40 years, the firm supports more than 50 million retail accounts, has more than $6 trillion of assets on the platform, and processes more than 35 million securities-related transactions daily.


“BetaNXT’s culture, vision, and client base made the combination an intriguing opportunity for Mediant’s next phase of growth. We look forward to working alongside the BetaNXT team to grow our combined company together and better serve our clients,” stated Arthur Rosenzweig, Mediant Communications CEO.


BetaNXT will incorporate Mediant’s technology to digitize and incorporate the investor communications process into its broader suite of software solutions, which includes real-time data capabilities, cost basis and tax reporting solutions, and front, middle and back-office applications. The integration will result in a more complete, holistic solution for wealth management firms, allowing for additional cost savings and a more streamlined communications process that will benefit investors.


“We are focused on providing critical data connections for our clients, with visibility into the source and destination of all data that flows through our wealth solutions,” said Tim Rutka,

President of Beta by BetaNXT.  “Incorporating Mediant’s capabilities will provide tremendous value to our mutual client networks.”


BetaNXT was advised by Sidley Austin LLP. Mediant was advised by Ardea Partners LP and Morgan, Lewis & Bocklus LLP.



About BetaNXT

BetaNXT powers the future of connected wealth management infrastructure software, leveraging real-time data capabilities to enhance the wealth advisor experience. Combining industry expertise with the power of our proven Beta, Maxit, and Mediant businesses, we are focused on solving our customers most demanding integration challenges with flexible, efficient, connected solutions that anticipate their changing needs. Our comprehensive approach reduces enterprise cost, streamlines operations processes, increases advisor productivity, and enhances the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into differentiating assets that enable enterprise scale and stimulate commercial growth. For more information visit


About Mediant Communications

Mediant, an Argentum Portfolio Company, delivers investor communications solutions to banks, brokers, corporate issuers, and funds. Our solutions are driven by leading technology and strict compliance with industry regulations, which allows clients to balance innovation with requirements. We enable banks and brokers to effectively manage all potential touchpoints within the investor communications lifecycle—from proxy statements and prospectuses to voluntary corporate actions. We provide corporate issuers with turnkey proxy processing, and we empower mutual funds, REITs and insurance companies with a full-service, end-to-end proxy solution.



About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.®. The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at and on Twitter @Clearlake.


About Motive

Motive Partners is a specialist private equity firm with offices in New York City and London, focusing on growth equity and buyout investments in technology-enabled financial and business services companies based in North America and Europe and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. Motive Partners brings differentiated expertise, connectivity, and capabilities to create long-term value in financial technology companies through its integrated I-O-I approach, combining Investors, Operators and Innovators as it seeks to create value within the portfolio. More information on Motive Partners can be found at



U.S. Media Relations

For news media only, contact:

For BetaNXT


Laura Barger                                                                         Justin Meise                                     

BetaNXT                                                                                 Buttonwood Communications Group

+1 646-706-5802                                                                    +1-914-319-0339                                           



For Mediant


Robin Brown                                                                      Dana Taormina Cleary

Mediant                                                                                   JConnelly

+1-917-697-2122                                                                    +1-973-647-4626                                                  



For Clearlake


Jennifer Hurson

Clearlake Capital Group Media Contact – Lambert

+1 845-507-0571



For Motive Partners


Sam Tidswell-Norrish

Motive Partners

+44 7855 910178

Categories: News


Bridgepoint takes majority stake in Equativ


Bridgepoint has acquired a majority stake in Equativ, the leading independent ad platform, who it will support in developing the only independent advertising alternative to GAFAM, supporting the Open Web.

Following record growth in 2022, Equativ reached net recurring revenues of $100 million, achieving year-on-year organic growth of 30% and tripling its revenues over the past three years. This partnership with Bridgepoint will accelerate Equativ’s mission: to help publishers and advertisers thrive in an open, independent Web and compete with the dominant – but increasingly vulnerable – walled gardens.

Equativ will benefit from Bridgepoint’s expertise in fast-growing tech companies and extended financial capabilities to amplify its growth across core markets (particularly the United States, which already represents 40% of revenues). Thus, Equativ will keep building its expanding tech stack and strongly accelerate both its organic and external growth strategies. The goal is to create one of the top three Supply Side Platforms (SSP) worldwide.

Founded initially as Smart AdServer, the company expanded as an SSP and continued to grow its vertically-integrated solutions with the acquisitions of LiquidM and DynAdmic, as well as investment in Nowtilus – all leading up to the rebrand of the company as Equativ in 2022. The company is now a global and complete adserver, SSP, and media buying solutions providing a simpler, more transparent, and more efficient advertising journey. Equativ fulfills the promise of advertising technology by harmonizing market interests to benefit industry professionals while respecting consumers.

In 2023, Equativ will continue to innovate, streamlining digital media processes and powering advancements that bolster addressable advertising’s impact. Key among the company’s priorities are maintaining and reinforcing the company’s growth in the CTV and video market – which will reach more than $40 billion in revenues in the US in 2025* – as well as enabling greater data activation in the retail media space.

Arnaud Créput, CEO and Founder of Equativ comments: “After three consecutive years of strong growth, our partnership with Bridgepoint is a key milestone in Equativ’s history as the digital advertising industry continues to rapidly transform. Our vertically integrated platform is now uniquely positioned to offer publishers and advertisers around the world the ability to execute advertising transactions directly and efficiently, without intermediaries, in a brand-safe and transparent environment. This new chapter with Bridgepoint validates our strategy and positioning and will help to provide additional resources to accelerate our investments and achieve our ambitions.”

Olivier Nemsguern, Head of Bridgepoint Development Capital France comments: “Even amid global economic instability, Equativ’s consistent success demonstrates the considerable and accelerating need for independent technology. We have been especially impressed by its emphasis on fuelling mutual gains for all sides of ad trading and providing greater flexibility, which are becoming crucial market priorities as advertisers, agencies and publishers look to optimize returns and revenues. In that perspective, we look forward to working with the Management as we are convinced that we can bring a lot to Equativ through our international platform, our expertise in buy-and-build and our understanding of the adtech universe. Offering an alternative route to efficient advertising outside of walled gardens, Equativ is aligned with what global markets want and need in this fast-paced industry.”

Categories: News


Concord Prices $1.8 Billion ABS to Finance Corporate Growth Strategy


Apollo Structured and Anchored ABS as Long-term Financing Partner

NASHVILLE AND NEW YORK – December 8, 2022 – Concord, a global leader in music publishing, recorded music and theatrical rights licensing, has successfully priced $1.8 billion of senior notes secured by a significant portion of its highly diversified catalogue of sound recordings and songs. It is the largest asset-backed securitization offering of music rights in the industry to date in terms of both size of issuance and number of assets (over one million copyrights). Apollo (NYSE: APO), through its Capital Solutions business, structured the ABS transaction and formed an investor syndicate led by Apollo-managed funds. JP Morgan served as a co-structuring agent of the transaction. Proceeds from the issuance will be reinvested to support Concord’s continued growth in 2023 and beyond.

“Concord has reached a new milestone in its own evolution and for the broader global industry in pricing the largest music ABS transaction in history,” said Bob Valentine, President of Concord. “I’m proud to help lead a company partnered with the astonishing depth and breadth of artistic talent that the works financed by this securitization represent. I’m also extraordinarily thankful that a significant number of blue-chip financial institutions have taken note of our success to date and chosen to participate in our future. As we continue to better position Concord as a bellwether in the industry, our focus remains the same: to elevate the voices of artists and musicians using the global, independent platform that we have been assembling for years. We are grateful to our financing partners at Apollo and JP Morgan who helped us develop a long-term capital solution that reflects the strength of the portfolio we have built to date and further validates our active management strategy.”

Concord’s transaction reflects the growing value of music copyrights and increased interest from financial institutions in music royalties as a long-term, annuity-like asset class. The music industry is experiencing a period of sustained expansion, fueled by exponential growth in the global streaming market, new marketing platforms, increased collector demand for vinyl records and, with the integration of new technologies, diversified platforms for music commercialization. These combined factors benefit both legacy catalogues and new releases while driving artist and songwriter revenue.

Concord’s new 5-year facility is backed by an actively managed catalogue of more than 1 million unique music assets spanning a wide-range of genres, including over 300 GRAMMY Award winners and more than 400 recordings with Gold, Platinum, Multi-Platinum and Diamond Recording Industry Association of America (RIAA) certifications. The catalogue is valued at more than $4 billion, resulting in an approximate 44% loan-to-value ratio for the offering and the notes are rated A+ by KBRA.

Apollo Partner and Head of Asset-Backed Finance Bret Leas said, “Concord’s experienced management team continues to build a world-renowned catalogue of assets with diversification and cash flow characteristics well suited for asset-based lending. We are pleased to provide a tailored, flexible structured solution that supports their continued growth.”

Apollo Capital Solutions’ Paul Sipio added, “This transaction leverages the scale of our investment platform alongside our growing Capital Solutions business to originate, anchor and syndicate a comprehensive financing solution. Having known the Concord Board and management team for many years, we are pleased to support their future success.”

Concord continues to grow as a major force in the music industry. Works in the securitization catalogue alone include songs and recordings by Phil Collins, Creedence Clearwater Revival, Daft Punk, Miles Davis, Danny Elfman, Evanescence, The Fania All-Stars, John Fogerty, Genesis, Imagine Dragons, Isaac Hayes, James Taylor, Jewel, Joan Sebastian, Nine Inch Nails, Pink Floyd, Cyndi Lauper, Little Richard, Nikki Six, Otis Redding, R.E.M., Rodgers & Hammerstein, Pete Seeger, Taking Back Sunday, Ryan Tedder, The Traveling Wilburys, The Vince Guaraldi Trio, Hans Zimmer and hundreds more.

FTI served as the valuation agent on the transaction and KBRA provided ratings services. DLA Piper served as legal counsel to Concord, and King & Spalding LLP as legal counsel to Apollo affiliates. Reed Smith and Greenberg Traurig serviced as special counsel with respect to music assets for Concord and for Apollo affiliates, respectively.


Concord is the independent, worldwide leader in the development, management and acquisition of sound recordings, music publishing, theatrical performance rights and narrative content. Headquartered in Nashville with additional offices in Los Angeles, New York, London, Berlin, Melbourne and Miami, Concord also has staff in Auckland, Sydney, Tokyo and Toronto. The Company’s catalog consists of more than 1 million songs, composed works, plays, musicals and active recordings which are licensed in virtually every country and territory worldwide.

CONCORD LABEL GROUP is comprised of seven active labels across many musical genres: Fantasy Records, Fearless Records, Loma Vista Recordings, Rounder Records, Easy Eye Sound, Concord Records and Concord Jazz.

The company’s historical labels are managed by its Craft Recordings team, and include such storied imprints as Fania, Independiente, Milestone, Musart, Nitro, Pablo, Prestige, Riverside, Savoy, Specialty, Stax, Telarc, Varèse Sarabande, Vee-Jay, Victory and Wind-up. Concord’s master recording portfolio contains more than 275,000 active song recordings and includes no less than 300 GRAMMY® winners (representing over 6.6% of all the GRAMMYs® ever awarded) and over 400 Gold, Platinum, multi-Platinum and Diamond RIAA certifications across 215 titles.

Concord is also home to the #1 kids’ music brand, KIDZ BOP. Now in its 20th year, the global hit music franchise has sold 22.5 million albums, generated 8 billion streams, and continues to reach kids and families with new music, videos, consumer products and live tours.

CONCORD MUSIC PUBLISHING represents more than 600,000 copyrighted works by the world’s most celebrated songwriters, composers and lyricists. Spanning nearly two centuries of song, through a vast array of genres and territories, Concord Music Publishing also supports a diverse group of contemporary creators producing important and popular new songs and musical works. Concord Music Publishing is home to the world’s leading classical music publisher, Boosey & Hawkes, and operates exclusive joint ventures with top pop music publisher, Pulse Music Group and Hillary Lindsey’s Hang Your Hat Music.

CONCORD THEATRICALS is the world’s most significant theatrical company, comprising the catalogs of R&H Theatricals, Samuel French, Tams-Witmark and The Andrew Lloyd Webber Collection, plus dozens of new signings each year. Our unparalleled roster includes the work of Irving Berlin, Agatha Christie, George & Ira Gershwin, Marvin Hamlisch, Lorraine Hansberry, Kander & Ebb, Ken Ludwig, Lin-Manuel Miranda, Dominique Morisseau, Cole Porter, Rodgers & Hammerstein, Thornton Wilder and August Wilson. We are the only firm providing truly comprehensive services to the creators and producers of plays and musicals, including theatrical licensing, music publishing, script publishing, cast recording and first-class production.

CONCORD ORIGINALS is Concord’s narrative content creation division. The team develops and produces stories anchored by Concord’s artists, music and theatrical works. Concord Originals takes a proactive, narrative-driven approach to each project and partners with A-list storytellers to produce premium content for screen and beyond. The division’s slate is comprised of feature films, series, documentaries and podcasts, including remakes and re-imaginings of properties from Concord’s iconic portfolio.

Concord is a private company funded by long-term institutional capital and members of Concord’s management team. At the forefront of intellectual property valuation, acquisition and utilization, the Concord investment underscores the partners’ belief in the lasting and appreciating global value of superior original creative content.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2022, Apollo had approximately $523 billion of assets under management. To learn more, please visit

Contact Information

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822 0491

Categories: News


MiQ Announces Partnership with Bridgepoint


NEW YORK, SEPTEMBER 13, 2022 — MiQ, one of the largest global programmatic media partners in the world, today announced a new key partnership with private equity group Bridgepoint. As part of the partnership, Bridgepoint will support MiQ’s existing management team to deliver the next phase of programmatic media solutions, with a focus on continued international expansion and client growth. This investment represents a realization for growth focused private equity firm ECI Partners, who have been partnered with MiQ since 2017, generating a 6.1x return.

Founded in London in 2010 by Gurman Hundal and Lee Puri, MiQ has transformed into a major global player in helping businesses to scale and deliver proven ROI through its media offering, analytical solutions and tech platform. The company turns data into high-performing advertising campaigns and provides real-time insights to drive tangible business change. Bridgepoint was selected due to its cultural and strategic alignment, and its ability to strengthen MiQ’s rapid growth trajectory through its experience in product development strategies and assisting businesses with their global expansion plans.

“Our success is built on revolutionizing the way companies can maximize data, but unique business challenges around data science, analytics and programmatic trading are getting more complex every day,” said Gurman Hundal, co-founder and Global Executive Chairman, MiQ. “Bridgepoint’s proven track record of innovative and scalable investments matches our ambition to move to the next chapter to deliver for our people and clients. We’d like to thank Tom Wrenn and the ECI team for the fantastic support in helping us develop over the past five years, helping us turn MiQ into a truly global business. We look forward to where MiQ is going over the next five years and beyond.”

“The connected and data-driven world continues to change and MiQ will evolve along with it,” said Lee Puri, co-founder, MiQ. “We’re beyond excited to work with Director Charles Welham and Partner and Chief Investment Officer Xavier Robert, as well as the entire Bridgepoint team, in this new milestone in our global growth journey.”

Charles Welham, director of Bridgepoint in London, said: “MiQ is a major global player partnering with some of the world’s leading brands and agencies to deliver high-performing advertising campaigns and drive true business change through data analytics and insights. It offers leading analytics solutions and platforms to companies everywhere and has achieved significant growth over the last few years. Gurman, Lee and the entire MiQ family have cultivated best-in-class processes around innovation, technology and data partnerships, and we look forward to providing the necessary expertise to help maximize the company’s market potential.”

Tom Wrenn, Partner at ECI comments, “It has been an amazing journey with Gurman and Lee, backing them in their ambition to grow MiQ into a global programmatic market leader. Since our investment the team have developed and executed an incredible North American expansion strategy, with over two thirds of group revenue now coming from the US. Delivering a 6.1x return is representative of the fantastic partnership, and Gurman and Lee’s enthusiasm and ambition has made this investment a career highlight. We wish them all the best for the next stage of the MiQ journey.”

Categories: News


Bain Capital and Nextalia SGR to acquire Deltatre, a leading sports and entertainment technology provider


LONDON, June 23, 2022 – Bain Capital and Nextalia SGR today announced that they have agreed to acquire Deltatre, one of the world’s leading sports and entertainment technology providers, from Bruin Capital. Deltatre offers over-the-top (OTT) streaming solutions enabling direct-to-consumer content distribution via the internet as well as data, graphics and live broadcast solutions. Deltatre’s clients include some of the largest sports organizations in the world, including UEFA, NFL, MLB and MLS.

With a presence in 14 countries, Deltatre operates globally and enables rights owners, media companies, broadcasters, telcos, content creators, distributors and other brands to create and deliver compelling solutions at scale to consumers and fans.

Deltatre has grown into a market leader in over-the-top streaming, website and app development, graphics, data, officiating systems, broadcast production, user experience, and product design, revolutionizing how media is consumed globally. It helps sports rights owners and rights holders to better engage with fans and ultimately increase monetization opportunities.

Owing to its differentiated offering, 20% of internet users globally have engaged with a digital product from Deltatre and its OTT solutions have approximately 25 million end users per day. Driven by strong performance across its core solutions and by continuous expansion of its product portfolio, Deltatre has experienced significant organic growth, enabling it to outperform the market. It is expected to generate $180M of revenue in 2022.

Andrea Marini CEO of Deltatre, who will continue to lead the business with the existing management team and remain a significant shareholder in the company, said: “It’s never been a more exciting time for the media and sport industries. Rapid technological innovation in how content is produced, distributed, and consumed has opened new opportunities for rights owners to monetize and reach their fans globally, and Deltatre sits at the heart of this shift. I am excited to welcome Bain Capital and Nextalia SGR as our new partners as we enter this exciting chapter in our company history.

“From the start it has been clear that they share many of the same core values that are held by the wider Deltatre community and that have contributed to our long-standing reputation as the premier technology provider for many of the world’s most recognizable brands. We believe that their guidance and support will accelerate our mission of transforming the way the world engages with content on their favorite platforms. Finally, I’m extremely grateful for the support of George Pyne and the team at Bruin Capital. They have been a terrific partner over the last six years, and we have achieved great things together.”

Luca Bassi, a Managing Director at Bain Capital said: “We are delighted to be partnering with Andrea and the team of Deltatre. They have built a world leading sports and entertainment technology provider and the strides they have taken to date is very much testament to the quality of their team and the initiatives they have deployed. We look forward to working with them on the next phase of Deltatre’s growth journey. Bain Capital has the expertise to help deliver value around revenue model, delivery, talent and M&A.”

Francesco Canzonieri, Nextalia SGR CEO, commented: “We are proud to support an Italian excellence such as Deltatre, a company founded and rooted in Turin capable of affirming its leadership at a global level. The investment in Deltatre and in its management team represents a clear example of how Nextalia can leverage on its competences and network and help the company in further developing its business in Italy as well as globally.”

Bain Capital and Nextalia SGR received financial advice from HSBC and Nomura, and legal advice from Weil Gotshal & Manges and Legance and Gatti Pavesi Bianchi Ludovici.

About Deltatre

Deltatre is the global leader in fan-first video experiences. Its market-leading product and services portfolio has helped redefine the way the world consumes sport, media, and entertainment by offering specialist innovations in over-the-top streaming, websites and apps, graphics, data, officiating systems, user experience, and product design. It has a growing employee community of over 1,000 members, who are distributed in key cities around the world.

About Bain Capital

Bain Capital is one of the world’s leading private investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. It has approximately $160 billion of assets under management, offices on four continents and more than 1,350 employees. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate, leveraging the firm’s shared platform to capture opportunities in strategic areas of focus. Read more at

About Nextalia SGR

Nextalia SGR is an asset management company promoted by Francesco Canzonieri together with leading Italian institutional investors (Intesa Sanpaolo, UnipolSai Assicurazioni, Coldiretti, Confindustria and Micheli Associati), set up with the aim of investing in Italian excellence to accelerate the path of sustainable growth. Nextalia is positioned as the reference platform in Italy dedicated to investments in private markets, leveraging its network and the skills of a team of highly qualified professionals. Nextalia has set up “Nextalia Private Equity”, a closed-end mutual investment fund under Italian law, reserved for professional investors, focused on Italian SMEs.

The transaction is subject to regulatory and other customary approvals.

Media Contacts

Categories: News


3i invests in Digital Barriers to drive international growth, accelerate new channel sales and further develop its unique technology


3i Group plc (“3i”) announces that it has agreed to invest in Digital Barriers, a leading provider of IoVT (Internet of Video Things) surveillance and security products. 3i is investing alongside existing investor, Volpi Capital LLP, who will maintain a minority stake in the business.

Headquartered in the UK with offices across the US and Europe, Digital Barriers’ unique video compression technology allows live streaming over low-bandwidth environments, including cellular body worn cameras, and an ever growing set of commercial applications. When coupled with its cloud-based, video management platform Digital Barriers is able to provide an end-to-end solution incorporating a wide range of AI-based operational, safety and business intelligence analytics – the only such cloud video platform that works as effectively on cellular as on fixed networks.

The company has been a trusted partner to leading law enforcement, intelligence and defence agencies around the world for many years and will continue to serve this market. Working closely with Intel, Digital Barriers has leveraged its unique IP to develop commercial off-the-shelf products that are now being sold by blue chip telecom and security partners such as AT&T, Vodafone, Fujitsu and G4S to a wide range of commercial and public sector customers across various end-markets.

The partnership with 3i will enable Digital Barriers to accelerate its international expansion, invest further in its unique technology, significantly grow its go-to-market capabilities to support its channel partners and pursue targeted acquisitions to build out its differentiated solution.

David Stephens, co-Head of 3i’s UK Private Equity team, commented: “Digital Barriers provides a highly attractive market and growth opportunity with a strong executive team, led by Zak Doffman. The video surveillance industry is at an inflection point with a shift towards live-streaming, growing cloud adoption and increased analytics enabling greater scalability and opening up more commercial applications. Digital Barriers’ unique technology positions it at the forefront of this movement and we look forward to supporting Zak and the team as they continue to build on the company’s strong relationships with blue chip partners and expand their global operations.”

Zak Doffman, CEO of Digital Barriers, said: “We are delighted to be partnering with 3i and benefiting from their expertise and global reach as we expand our offering with new products, move towards a subscription-based model and broaden our customer base, whilst continuing to provide a highly differentiated product and market-leading technology. We have now made live video over cellular networks a reliable and affordable reality for the first time – working with 3i and our new channel partners we can take these disruptive solutions out much more widely.”

The transaction is conditional upon certain regulatory approvals and is expected to complete in Q3 2022.

For further information, contact:

3i Group plc


Silvia Santoro

Investor enquiries


Kathryn van der Kroft

Media enquiries



Tel: +44 20 7975 3258



Tel: +44 20 7975 3021



About 3i Group

3i is a leading international investment manager focused on mid-market private equity and infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit:

About Digital Barriers

Digital Barriers is a leading provider of IoVT (internet of video things) surveillance and security products. Headquartered in the UK with regional offices in the US, Europe and Asia-Pacific, Digital Barriers has developed a trusted global customer-base spanning industries such as defence and national security, law enforcement, border security, first responders, critical national infrastructure, transportation agencies, automotive and mobility and private security in over 60 over countries.

Regulatory information

This transaction involved a recommendation of 3i Investments plc.

Categories: News


CVC Credit provides PEI Media with facilities to support its continued strategic development

CVC Capital Partners

CVC Credit provides PEI Media with facilities to support its continued strategic development

14 Jun 2022

CVC Credit is pleased to announce that it has provided further debt facilities to PEI Media (“PEI”), the global provider of insight, market data and business conferences for alternative assets professionals. The new facilities include both senior and acquisition financing and will support the company’s ongoing strategic development.

CVC Credit has supported PEI since 2018, when it financed Bridgepoint Development Capital’s acquisition.

Founded in 2001 and headquartered in London, PEI provides alternative asset management professionals globally with news, analysis, data, marketing solutions, as well as must-attend events and conferences. In 2018, the business partnered with Bridgepoint Development Capital to further its growth ambitions and over the last four years has, significantly grown revenues and profits.

CVC, having supported Bridgepoint with the acquisition of PEI, was identified as the preferred lender and was able to quickly offer a solution tailored to the company’s size and strategic position. The facilities provided have been designed to facilitate the company’s next phase of growth and have factored in sustainability considerations through the inclusion of an ESG margin ratchet.

Simone Zacchi, Managing Director at CVC Credit, commented: “Since partnering with Bridgepoint, PEI Media has proven itself an innovative and resilient company, with the capability and drive to meet the needs of its fast-growing market. We look forward to continuing to support their ongoing development.”

John Empson, Partner & Co-Head of Private Credit at CVC Credit, added: “Our approach, is to build trusted partnerships and to provide bespoke solutions. This allows us to develop deep long term relationships with experienced sponsors and management teams as they define and execute their strategies to deliver great performance and growth in the companies they manage and advise.”

Categories: News


Why we invested in Komon: Web3 platform to empower creator communities


We are pleased to announce our recent investment in Komon, a platform that permits creators to launch NFT-powered communities. Adara participated in the $2 million pre-seed round alongside SamaipataInvereadyShilling, and several business angels.

We are excited to back Komon founders Sebastián Fernández-Medrano, former Principal at Samaipata, and Manuel Bevilacqua, a computer scientist with years of experience in companies such as Capchase, Returnly, and Stubhub.

Both founders share a deep passion for art in all its forms. Beyond their professional experience, Sebastián is a trained actor and Manuel is a professional violinist, which has led them to take the leap to change creative industries through technology.

The challenge: One-sided creator platforms

Digital creators face many challenges, often sacrificing ownership over their audiences and potential revenue depending on the platforms they choose to distribute their work. First-generation models (YouTube, Twitch, Spotify) have helped creators make money primarily through digital ads but still require a significant following and traffic numbers to generate meaningful revenue. And while second-generation models (Patreon, OnlyFans) have helped creators unlock additional revenue by charging fans subscription fees to access content, dependence on any one platform forever limits the creator’s potential audience size, engagement, and revenue.

Enter Komon: Enabling direct creator-community relationships

Komon offers an alternative to these existing models, helping creators regain control over their entire content production, monetization, and distribution processes.

The Madrid-based startup is developing a platform that will allow creators and artists to build and manage a community and engage directly with their audiences. Community members can unlock access and rights to a creator’s exclusive content through utility-focused NFTs, or “Komon Keys,” which are governed by smart contracts. Members can also resell, rent, or give away “Komon Keys” to transfer their community membership to someone else.

Komon will use the funding to develop the platform and build out its team in Europe and the US.

The Adara view: Web3 & and empowering the new creator economy

We’re fascinated to see how Web3 will harness the power of digital communities and the future of commerce. To build and run these communities is time-consuming, costly, and complex, and we believe creator tools and platforms like Komon will catalyze audience engagement in the same way that e-commerce infrastructure has unlocked distribution for D2C brands.

We were very impressed with Sebastian and Manu’s deep “Problem-Founder Fit,” having both experienced firsthand the current difficulties the creative industry faces, and we believe they have a product-first approach to a very large market opportunity. The potential for NFTs to provide creators with more autonomy over how they engage with their audiences and monetize their work is enormous. We are thrilled to support Komon on their mission to help creators worldwide build income in a way that truly enables their creative work.

Categories: News


Faraway Road Productions Acquired by Candle Media, Next-generation Media Company Backed by Kevin Mayer, Tom Staggs, and Blackstone


LOS ANGELES, NEW YORK, & TEL AVIV – Candle Media (“Candle”), the next-generation media company run by leading entertainment executives Kevin Mayer and Tom Staggs and backed by investment capital from Blackstone, today announced it has acquired Faraway Road Productions. Terms of the transaction were not disclosed.

Founded by Lior Raz & Avi Issacharoff, the creators of FAUDA and Hit & Run, Faraway Road Productions is a global media and entertainment company delivering high-impact, original stories to audiences around the world. Season Four of FAUDA is set to premiere later this year on Israel’s YES TV and streaming worldwide on Netflix. Other current development projects include the film Siege of Bethlehem – to be directed by Antoine Fuqua – and a non-scripted spy thriller for Showtime with director Greg Barker.

Kevin Mayer & Tom Staggs, Co-Chairmen and Co-CEOs of Candle, said: “Lior and Avi are world-class storytellers who produce exhilarating content that strikes a chord globally with audiences across cultures and languages. They are exactly the type of partners we and Blackstone are looking to invest behind – and we are excited to work with them to further accelerate Faraway Road’s growth trajectory.”

Joe Baratta, Global Head of Private Equity at Blackstone, and David Kestnbaum, a Senior Managing Director at Blackstone, said: “We are proud to back Lior and Avi, who stand for the highest standards of quality in international media and entertainment. Content creation is one of our highest-conviction investment themes, and we believe that elite talent like the Faraway Road team is exceptionally well positioned to thrive in today’s increasingly global, digital media environment.”

Lior Raz & Avi Issacharoff Co-CEO’s of Faraway Road Productions said: “Faraway was founded to bring authentic and engaging international stories to global audiences.  Partnering with Kevin, Tom, Blackstone and the unbelievable creators that are part of the Candle family will allow us to significantly accelerate that, while participating in creating the next-generation media company that puts creators first.”

About Candle Media
Candle is an independent, creator-friendly home for cutting-edge, high-quality, category-defining brands and franchises that is built for the digital age. By bringing together elite talent operating at the intersection of content, community, and commerce, it helps position leading entertainment businesses for accelerated, sustainable growth in the current market and beyond. The company has acquired Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates, founded by Reese Witherspoon; and Moonbug Entertainment Ltd., the digital-first, global children’s entertainment company behind highly popular shows such as CoComelon, Blippi, Little Baby Bum; as well as made a strategic minority investment in Westbrook Inc., the media company founded by Jada Pinkett Smith, Will Smith, Miguel Melendez and Ko Yada, focused on empowering artists to tell stories that connect the world. Candle is run by its Co-Chairmen and Co-CEOs, leading entertainment executives Kevin Mayer and Tom Staggs, and backed by investment capital from funds managed by Blackstone’s flagship private equity business.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on Twitter @Blackstone.

About Faraway Road Productions
Founded and led by award-winning creator, writer and actor Lior Raz and creator, writer and award-winning journalist Avi Issacharoff, Faraway Road is a global media entertainment company developing and producing bold, high-impact and engaging original content. In addition to creating original material, the duo and their team are trusted with bringing to screen many deeply personal experiences from authentic voices around the world. They give a platform to these voices and adapt them into sophisticated, character-driven stories that wouldn’t be told otherwise. Faraway Road oversees each of their projects from conception to production and release, developing film and television series for the US, Israeli and international markets.

Faraway Road is best known for creating and producing the critically acclaimed series FAUDA, a political thriller in which Raz also stars, based on his and Issacharoff’s time serving in the Israeli Defense Force’s special forces unit. The series is one of the biggest successes in Israeli television, with all three seasons available for streaming on Netflix and the fourth season in production. Also, airing on Netflix is the action thriller series HIT & RUN starring Raz and Sanaa Lathan, which Issacharoff and Raz co-created with the award-winning team behind THE KILLING. Upcoming for Faraway Road is a robust slate of film and television projects in various stages of development.

Media Contact

Matt Anderson

Categories: News


Westbrook Inc. Announces Strategic Minority Investment from Candle Media, Next-Generation Media Company Backed by Kevin Mayer, Tom Staggs, and Blackstone


LOS ANGELES & NEW YORK – Candle Media (“Candle”), the next-generation media company run by leading entertainment executives Kevin Mayer and Tom Staggs and backed by investment capital from Blackstone, today announced a strategic minority investment in Westbrook Inc., the media company founded by Jada Pinkett Smith, Will Smith, Miguel Melendez and Ko Yada, focused on empowering artists to tell stories that connect the world. Terms of the transaction were not disclosed.

Kevin Mayer and Tom Staggs said: “We are thrilled to back Will and Jada and for the opportunity to work with Westbrook’s CEO Ko Yada and the rest of their incredibly talented team. They have established Westbrook as a home for world-class creators that is built for the digital age – which fully aligns with our company’s vision for the future of media. We are excited for what we can all achieve together with Blackstone in the years ahead.”

Joe Baratta, Global Head of Private Equity at Blackstone, and David Kestnbaum, a Senior Managing Director at Blackstone, said: “Will, Jada, and Westbrook have a deep firsthand understanding of today’s evolving entertainment content and social media environment – and how to create high-quality, engaging content that spans platforms, genres, and geographies. We look forward to helping accelerate the company’s growth as they continue to build a next-generation leader in global entertainment.”

Jada Pinkett Smith and Will Smith commented: “Westbrook is the realization of our dream to give artists from all backgrounds equal opportunities to pursue their creative visions and share their stories.  We are pleased to join forces with Kevin, Tom and Blackstone to accelerate this mission by growing our content pipeline, our talent network, and our global expansion plans.”

Ko Yada, CEO of Westbrook Inc., said: “When we launched Westbrook just two and a half years ago, our mission was to empower artists to connect the world, and we do that through the independent infrastructure we’re building. We started with a focus on premium content across all platforms in a way that would bring creators, artists, brands, and global audiences together. As we look to the next phase of the company, Kevin, Tom and Blackstone are ideal strategic partners. We look forward to this new relationship, building out more infrastructure, and working with more artists to help tell stories that connect.”

Westbrook was formed to execute the Smith Family’s vision to improve as many lives as possible through storytelling. Their parent company, Westbrook Inc., furthers that mission by providing strategic, financial, legal, and operational support to its studio and media companies and developing new business opportunities for revenue growth and diversification. Westbrook houses Westbrook Studios, the premium film and television studio; Westbrook Media, an integrated IP incubator, brand content studio, and production company; Red Table Talk Productions, maker of the Emmy Award-winning Facebook Watch show Red Table Talk and Red Table Talk: The Estefans; and Good Goods, a direct-to-consumer business which creates unique consumer products around the company’s IP and talent partners. By leveraging the Smith Family’s deep experience in entertainment and media, Westbrook curates and produces content – from short and mid-form digital to traditional television and motion pictures – for all major platforms.

In just over two years, Westbrook has created a diverse and robust slate of content including feature films, scripted and unscripted television, animated series, digital series and more. On the Westbrook Studios side, projects include the critically acclaimed film KING RICHARD, based on the life of Richard Williams, father to tennis greats Serena and Venus, the six-part docuseries on Netflix, Amend: The Fight For America, which uses a groundbreaking narrative format to explore the Fourteenth Amendment through the lens of American history, posing the question, what does “united states” really mean, season 4 of the six-time Emmy nominated and SAG Award nominated series Cobra Kai, and Welcome to Earth with National Geographic which premiered on Disney+. Westbrook Media has produced and released projects with partners including Facebook, Snapchat, YouTube, and HBO Max including Snapchat’s most popular series ever – Will Smith’s Will From Home which garnered 43M+ viewers, as well as Will From Home Season 2, Ryan Doesn’t Know starring Ryan Reynolds, Jaden Smith’s social justice series The Solution Committee, Charli Vs. Dixie with social media sensations, Charli and Dixie D’Amelio, the YouTube series Best Shape of My Life with Will Smith as well as Alicia Keys docu-series, Noted, along withHulu’s photography competition series Exposure, and the HBO Max hit Fresh Prince of Bel-Air reunion.

In addition to the projects that have already been released, upcoming high profile projects include the film EMANCIPATION, which sold to Apple TV+ in the largest film festival acquisition deal in film history, the scripted television series Bel-Air, the dramatic reboot of Will Smith’s iconic The Fresh Prince Of Bel-Air which landed a two season order from Peacock and premieres in February, a five year first-look deal with National Geographic to create adventure, exploration, travel and science content and upcoming Snapchat series Off Thee Leash with Megan Thee Stallion.

Other film projects in production and development include the drama REDD ZONE, starring Jada Pinkett Smith at Netflix and based on the true story of Tia Magee and her sons, the hip-hop musical feature SUMMERTIME based on Will Smith and DJ Jazzy Jeff’s hit song for Sony Pictures’ Screen Gems, CLEAN AIR, a joint project from Westbrook, NASCAR and the Chainsmokers, action-thriller FAST & LOOSE starring Will Smith and directed by David Leitch, and THE SOUL SUPERHERO, a live action musical fantasy film with a screenplay that is co-written by Kwame Kwei-Armah and songwriter-producer, Freddy Wexler, and based on an original story by Wexler. Upcoming television seriesinclude This Joka, a 16-episode standup comedy series premiering on Roku in March 2022; a two-season order of the docu-scripted hybrid series African Queens coming soon to Netflix,and a one-hour variety special hosted by Will Smith.

Westbrook’s executive team includes Ko Yada, CEO, Tera Hanks, President, Gila Jones, COO, Kevin McDonald, CFO, Brad Haugen, President of Westbrook Media, Terence Carter, Co-President, Head of Television, Westbrook Studios, and Jon Mone, Co-President, Head of Film, Westbrook Studios. Westbrook was listed as one of Fast Company’s 10 Most Innovative Companies in 2021.

The name of the Mayer-Staggs-Blackstone backed company, Candle, reflects the light of creativity at the heart of its model as an independent, creator-friendly home for cutting-edge, high-quality, category-defining brands and franchises. By bringing together elite talent operating at the intersection of content, community, and commerce, Candle helps position leading entertainment businesses for accelerated, sustainable growth in the current market and beyond. The company has previously announced acquisitions Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates, founded by Reese Witherspoon; and Moonbug Entertainment, the digital-first, global children’s entertainment company behind highly popular shows such as CoComelon, Blippi, Little Baby Bum, and many others. Blackstone’s investment in Candle has been made through funds affiliated with the firm’s flagship private equity business.

About Westbrook

Launched in 2019 by founders Jada Pinkett Smith, Will Smith, Miguel Melendez, and Ko Yada, Westbrook is a media company that empowers artists to tell stories that connect the world.  Westbrook houses Westbrook Studios, the premium film and television studio; Westbrook Media, a vertically-integrated IP incubator, brand content studio, and production company; Red Table Talk Productions, maker of the Emmy Award-winning Facebook Watch shows Red Table Talk and Red Table Talk: The Estefans; and Good Goods, which creates unique consumer products around the company’s IP and talent partners.  By leveraging the Smith Family’s deep experience in entertainment and media, Westbrook curates and produces content – from short and mid-form digital to traditional television and motion pictures – for all major platforms.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on Twitter @Blackstone.


Media Contacts

Matt Anderson

Westbrook Inc.:
Sarah Rothman
(917) 623-6060

Meredith O’Sullivan
(310) 754-6016

Categories: News