Chernin Group Secures Investment from Qatar Holding

LOS ANGELES: Peter Chernin‘s The Chernin Group has received a "significant equity investment" from Qatar Holding, adding to its existing capital injections from Providence Equity Partners and other shareholders.

The company plans to use this investment to expand and diversify its media and entertainment operations in the U.S. and across Asia. No specific financial terms were disclosed.

“Building on our successful investment partnership with Providence formed earlier this year, we are pleased to expand our formidable shareholder group with the addition of Qatar Holding, a distinguished investor and strategic partner,” said Peter Chernin, the founder and CEO of TCG. “This transaction marks another important milestone in our company’s evolution. This capital and partnership position us well to continue to pursue the most compelling areas of growth in the global media industry.”

“Peter Chernin is building TCG into a world-class media company. He and his team have proven success in identifying and developing opportunities in the U.S. and Asia,” added Ahmad Al-Sayed, the managing director and CEO of Qatar Holding. “We look forward to partnering with TCG and Providence, working closely with them, supporting the ongoing development of their current portfolio of investments as well as the company’s growth through future endeavors.”

Jonathan Nelson, the CEO of Providence, said, “We are excited about TCG’s momentum since our investment and are pleased to welcome Qatar to the partnership.”