Los Angeles-based family entertainment company PorchLight Ent has been acquired by its senior management and Beringea, an international private equity and investment banking firm. The transaction was facilitated by Global Rights Fund II, a media, brand and intellectual property rights fund. PorchLight’s library includes such properties as the CG-animated PBS KIDS preschool series, Jay Jay the Jet Plane, and the Emmy Award-winning 2D Tutenstein, which airs on Discovery Kids, NBC and Jetix (formerly Fox Kids Europe).
PorchLight CEO Bruce Johnson and COO/CFO William Baumann will head up the company and Malcolm Moss, senior managing director of Beringea, will join the Board of Directors. Johnson says the move will give PorchLight further growth opportunities as it leverages existing brands and adds more properties to its roster.
The Global Rights Fund II invests in U.S. and U.K. media, enabling the exploitation of intellectual property rights across media platforms.
PorchLight’s distribution catalog consists of more than 100 feature films and 500 half-hours of series programming including the animated PBS KIDS series Adventures from The Book of Virtues and the animated features The Night Before Christmas: A Mouse Tale, The Haunted Pumpkin of Sleepy Hollow and Christmas Dinosaur. The company is producing Four Eyes for France 3 and the Disney Channel U.K., as well as direct-to-video titles for leading children’s educational company LeapFrog.