Participant Media Acquires Stake In Evolution Media, Teams On $350M Investment Fund

May 15, 2014, Los Angeles, CA – Participant Media, the leading provider of entertainment that inspires, announced today that it has joined TPG Growth, the middle market and growth equity investment platform of global investment firm TPG, and Evolution Media Capital (EMC), a merchant bank focused on the media and sports industries, in their investment in Evolution Media, a venture that will partner with and invest up to $350 million with leading companies and entrepreneurs in the global media, sports, and entertainment spaces. Participant has acquired an equity stake in Evolution Media’s existing holdings and intends to further invest with Evolution Media moving forward. Participant CEO, Jim Berk, and COO, Jeff Ivers, will join the Evolution Media Board of Directors. (more…)

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