It was announced today by Prospect Park CEO, Jeff Kwatinetz, that Prospect Park has closed its financing with ABRY Partners, one of the most experienced and successful media-focused private equity investment firms in North America.
Since 1989, ABRY has completed over $36 billion in leveraged transactions and other private equity investments involving approximately 450 properties.
What does that mean for your soap operas, All My Children and One Life to Live fans?
It means that they are now in the money!
Brent Stone, a partner at ABRY Partners, stated, "We are excited to be partnering with Jeff Kwatinetz and the rest of the team at Prospect Park, and we strongly believe that they will continue to be a leader in their innovative approach to content creation."
Kwatinetz continued, "We are privileged to the have the backing and partnership with Brent and his team at ABRY, who are proven, brilliant investors, and will help us reach our ultimate goals."
Stay tuned for more...
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