Friday, 28 April 2017
Last updated 45 min ago
Jan 22 2008 | 8:16am ET
Hi-yo Silver, indeed: Alternative investment firms are lining for acquisition talks with the company that owns, among other icons of popular culture, the Lone Ranger.
Entertainment Rights—which also owns Lassie, British children’s television show Postman Pat and comic strip Rupert Bear—acknowledged that it is in takeover talks. Reportedly among the interested parties are hedge funds Och-Ziff Capital Management, GSO Capital Partners and Hit Entertainment, the intellectual property group owned by private equity firm Apax Partners, according to The Times of London.
Entertainment Rights said recently that holiday seasons sales had been worse than expected, leading to revenues “slightly below the lower end of the current range of market expectations.”
Private equity firm SVG Capital owns 10% of Entertainment Rights.