Pornhub owner MindGeek sold to Ottawa private equity firm
CTV
MindGeek, the Montreal-based parent company of Pornhub, has been acquired by a private equity firm. Ethical Capital Partners (ECP), an Ottawa-based firm, announced Thursday it is taking over the company, which has faced criticism in recent years for allegedly hosting illegal content, including child sexual abuse material, on the world's largest porn site.
MindGeek, the Montreal-based parent company of the controversial website Pornhub, has been acquired by a private equity firm.
Ethical Capital Partners (ECP), a newly-formed firm based in Ottawa, announced Thursday it is taking over the company that has faced criticism in recent years for allegedly hosting illegal content, including child sexual abuse material, on the world's largest porn site.
Members that make up the firm include investors, Ottawa-based criminal lawyers Solomon Friedman and Fady Mansour, and a retired chief superintendent with the RCMP, Derek Ogden. Its leadership team was in Montreal Thursday to announce the acquisition and to meet with MindGeek staff.
The terms of the deal are not being made public.
MindGeek, which was founded in Montreal in 2004, has a vast portfolio that also includes other pornographic properties, such as YouPorn, Redtube, Brazzers, Men.com, and Sean Cody.
ECP's website describes itself as a firm that seeks "investment and advisory opportunities in industries that require principled ethical leadership."
In a news release, it said it is committed to adult entertainment "made by and for consenting adults."
