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January 17, 2013

Deal Alert: CA Media invests in animation company Graphic India

CA Media LP, the Asian investment arm of the Chernin Group, LLC (TCG), has acquired a large minority stake in Graphic India, a Mumbai-based comic book and animation company. Graphic India is focused on creating mythological and superhero characters, comics and stories for the Indian youth market, published across mobile and online platforms. 

Launched last year by media entrepreneurs Sharad Devarajan, Gotham Chopra and Suresh Seetharaman as a subsidiary of US comic book company Liquid Comics, Graphic India will now be jointly owned by Liquid Comics and CA Media. Devarajan will be appointed CEO of Graphic India and remain Executive Chairman of Liquid Comics. As part of the transaction, Liquid Comics will contribute one of the world’s largest and highest-quality comic book libraries based on Indian characters to Graphic India. In addition to CA Media’s investment, it will partner with Graphic India to provide industry expertise and create franchises for Graphic’s characters through multiple media.

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