by Ryan Lawler
Cloud video services company QuickPlay Media is announcing today that Chicago-based private equity firm Madison Dearborn Partners will be paying about $100 million to take a majority stake in the company. With the deal, Madison Dearborn has essentially bought out QuickPlay Media’s previous investors, which include General Catalyst, Ventures West, J.L Albright, and Up Capital.
With the close of the deal, Madison Dearborn and QuickPlay employees will own pretty much the entire company, with a small number of minority shareholders retaining a stake, including Toronto-based Difference Capital. Prior to the sale, QuickPlay Media had raised a total of $43 million, CEO Wayne Purboo told me.