Ethical Capital Partners said it will buy MindGeek, owner of a variety of pornographic streaming platforms, including Pornhub. Read on.
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Ethical Capital Partners has agreed to buy MindGeek, owner of a variety of pornographic streaming platforms and studios, according to a statement March 16 from the companies. Terms were not disclosed.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Ethical Capital was formed last year and says it is focused on technology businesses that “have legal and regulatory complexity and that put a value on transparency and accountability.” This is its first transaction. It’s led by cannabis entrepreneur Rocco Meliambro and criminal lawyer Fady Mansour, who is listed as managing partner. Derek Ogden, a retired chief superintendent of the Royal Canadian Mounted Police, is also a partner at the firm.
“The adult entertainment industry will always be the subject of significant legal and regulatory scrutiny,” Ogden said in the statement. “Our pre-close reviews revealed that MindGeek operates legally and responsibly. We look forward to communicating the path forward for MindGeek and its holdings.
Though it’s legally headquartered in Luxembourg, most of MindGeek’s operations are based in Montreal. Pornhub ranked as the 12th most-visited website in the world last year, according to traffic analytics firm Similarweb.
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