Madison Dearborn Partners takes over Media giant QuickPlay

Heard of QuickPlay media player?

Chicago private equity giant Madison Dearborn Partners LLC has taken a controlling stake for QuickPlay Media Inc. for $100 million in equity.

May be Quick Play's revenue growth rise of 327% during the past five years had attracted Madison Dearborn. Also QuickPlay was fairly stable company with no existing debt, a position that won't be changing with the Madison Dearborn deal.

QuickPlay provides outsourcing services for large companies such as AT&T Inc., Television Broadcast Ltd. and Bell Inc. that stream live and on-demand video to users over the Internet. The business has shifted in recent years as more users demand streaming to their mobile and other wireless devices through Internet protocol, or IP, connections.

-CB