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One Equity buys TV Guide Channel for $300mMacrovision has divested the TV Guide Network and TV Guide Online in a sale to the JPMorgan unit two months after selling TV Guide Magazine to private equity firm OpenGate Capital for $1.
- OpenGate backs modelling agency
The Beverly Hills-based buyout firm has taken a majority stake in Models 1, the European modelling agency that represents supermodels like Twiggy and Agyness Deyn. The acquisition provides a platform for further fashion industry acquisitions.
- OpenGate buys TV Guide
The Beverly Hills-based private equity firm has acquired the magazine, which has more than 20 million weekly readers, from media technology company Macrovision Solutions. OpenGate founder and chairman Andrew Nikou formerly managed Platinum Equity's European portfolio.