Good morning dealmakers, thank goodness it’s Friday. It’s Obey Martin Manayiti here with the newsletter. It’s springtime and temperatures are getting nicer each day. As a result, many people are scouting for entertainment activities outside. It seems private equity is too – at least for businesses that provide such services on top of the usual PE favorites of a subscription-based business model and strong revenues. We have an in-depth story on Pogo Pass, a company that lets people purchase passes that will let them access multiple attractions in different cities. I will also highlight a couple of recent entertainment stories. Next, I will detail what the recent New York Life minority investment in Fairview Capital means for the firm. Family entertainment Greybull Stewardship is “a different type of private equity firm,” according to CEO and founder Mason Myers. Earlier in April, the firm announced the acquisition of Pogo Pass, a family entertainment membership company, writes my colleague Iris Dorbian. Premium subscribers of the Wire can learn more about this deal. In case you missed it Late last year, Iris rounded up these five notable PE deals in music royalties. In April last year, she also wrote about these six deals focusing on PE firms investing in Hollywood. Diverse and emerging fund managers New York Life’s recent minority investment in Fairview Capital will accelerate the firm’s growth and expand its investment activities among a wide range of diverse and emerging fund managers, Fairview co-founder Larry Morse told PE Hub. New York Life, founded in 1845, is one of the largest mutual life insurance companies in the country. Premium subscribers of the Wire have access to more on this deal. That’s it for today. You can always reach me at [email protected] MK Flynn will be back with more on Monday. Read the full wire commentary on PE Hub ... |