Regent, L.P.

Regent, L.P. industry = Private equity products = Investments, private equity funds, leveraged buyouts homepage = regent.co Company_name = Regent, L.P. foundation = 2013 Headquarters = Beverly Hills, California location = Beverly Hills, California, United States founder = Michael Reinstein, Founder, Chairman
Website www.regent.co/ Edit this on Wikidata

Regent, L.P. is a multi-sector private equity firm based in Beverly Hills, California.[1] Many of Regent's investments have been in the software, technology and media space.

Selected investments

Regent's first acquisition was in 2013, when the firm acquired the Rovi Entertainment Store over-the-top video platform from Rovi Corporation with Austin, Texas-based Proveho Capital.[2] The firm later purchased the CinemaNow video business from Best Buy. Regent and its partners sold these businesses to FilmOn in 2015.[3][4][5]

In September 2013, the firm's partners acquired control of Skinit, a San Diego-based e-commerce company from private equity firm Ares Management. Regent acquired Halco Rock Tools from Caterpillar Inc. in September 2014. The firm acquired travel technology provider Pegasus Solutions in October 2014 in a transaction that included divesting the Pegasus distribution services business to HIG Capital.[6][7][8][9] Regent acquired Silicon Valley technology company NexTag in March 2015 from a consortia of investors led by Deutsche Bank.

In October 2015, Regent purchased the catalog and e-commerce company Lillian Vernon Corporation and mail order business Current, Inc. from Minnesota- based Taylor Corporation.[10][11][12] Regent's holdings also include magazine publisher HistoryNet and the military and defense publishing company Sightline Media Group, which it bought from Tegna in 2016.[13][14][15] Sightline Media Group publishes Armed Forces Journal, Defense News, Army Times, Navy Times, Air Force Times and Federal Times.

In October 2017, Regent purchased the luxury salon division of Regis Corporation which employs 10.800 people and operates over 1,200 stores under multiple brands including Regis, MasterCuts, Hennessey and Carlton Hair in North America and the Regis and SuperCuts brands in Europe. This newest portfolio company operates under the brand The Beautiful Group.[16][17]

On November 30, 2017 Time Inc. announced the sale of the iconic Sunset brand to Regent LP.[18] Sunset was founded in 1898 and serves an audience of 6.5 million across its digital, print and social platforms.

References

  1. ↑ "Regent Equity Partners, LLC: Private Company Information - Businessweek". bloomberg.com. Retrieved 19 April 2016.
  2. ↑ Todd Spangler. "Target Ticket: Complications Launch Target's Digital Video Service? - Variety". Variety. Retrieved 19 April 2016.
  3. ↑ Todd Spangler. "FilmOn Buys CinemaNow Movie, TV Download Service - Variety". Variety. Retrieved 19 April 2016.
  4. ↑ "FilmOn buys movie and TV store CinemaNow". digitaltveurope.net. Retrieved 19 April 2016.
  5. ↑ "FilmOn Reels in CinemaNow". multichannel.com. Retrieved 19 April 2016.
  6. ↑ "Exclusive: Pegasus Solutions Spins Off Reservations Business to Regent Equity Partners". Skift. Retrieved 19 April 2016.
  7. ↑ "H.I.G. buys Pegasus' Distribution Services unit - PE HUB". PE HUB. Retrieved 19 April 2016.
  8. ↑ Hotel News Resource (21 November 2014). "Pegasus Names Scott Gibson Chief Executive Officer". hotelnewsresource.com. Retrieved 19 April 2016.
  9. ↑ "Pegasus switches to new private equity ownership". Tnooz. Retrieved 19 April 2016.
  10. ↑ Chicago Tribune (15 December 2015). "Lillian Vernon, queen of mail-order catalogs, dies at 88". chicagotribune.com. Retrieved 19 April 2016.
  11. ↑ "Lillian Vernon - Catalog queen, 88". philly-archives. Retrieved 19 April 2016.
  12. ↑ "Current sold to equity firm". Colorado Springs Gazette. Retrieved 19 April 2016.
  13. ↑ http://www.bizjournals.com/washington/news/2016/03/22/heres-how-much-the-tegna-ceo-earned-in-2015.html
  14. ↑ "Bryensblog national security and technology". Bryensblog national security and technology. Retrieved 19 April 2016.
  15. ↑ "Day Of Reckoning: Defense News, DoD Service Papers Sold To Venture Capitalists". Breaking Defense. Retrieved 19 April 2016.
  16. ↑ https://www.bizjournals.com/twincities/news/2017/10/02/regis-sells-1-000-salons-to-regent.html
  17. ↑ http://labusinessjournal.com/news/2017/oct/02/regent-strikes-deal-franchise-hundreds-hair-salons/
  18. ↑ Severson, Kim (2017-11-30). "Sunset Magazine Is Sold to a California Private Equity Firm". The New York Times. ISSN 0362-4331. Retrieved 2017-11-30.


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