Manatt-Led Kevin Hart Forms New Co. With $100M PE Funding

By Charlie Innis (April 26, 2022, 2:14 PM EDT) -- Comedian and actor Kevin Hart announced Tuesday that he has made a new media and entertainment company called HARTBEAT to launch with a $100 million investment from private equity firm Abry Partners, advised by Manatt Phelps & Phillips LLP.

Hart formed HARTBEAT by combining two of his entities — comedy brand Laugh Out Loud and film and television studio HartBeat Productions — into one company, according to the statement.

Through the $100 million investment, Boston firm Abry Partners has grabbed a minority stake in the enterprise, and the private equity shop's partner Nicolas Massard will join the company's board of directors,...

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