North Road will house Chernin Entertainment; U.S. assets of Red Arrow Studios; and Words + Pictures, with more acquisitions to follow.
We are looking to grow, that is the onlyare focused on, and I believe we will grow in two ways: We will grow by giving more capital to the existing companies so they can grow even faster, and by acquiring great companies.”
North Road has secured $800 million in financing, including $300 million in debt from Apollo, through its managed affiliates, and $500 million from Providence Equity Partners, which has been a longtime partner of TCG. North Road is being valued at more than $1 billion including the debt and equity financing, a source says.
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