US buyout firm is new 'master of the universe'

A US buyout firm has acquired the rights to He-Man, the children’s fictional character whose title of "master of the universe" has previously been used to describe the global private equity industry.

Boomerang Media, a portfolio company of Chicago-based private equity firm GTCR, has bought Entertainment Rights out of administration. The group owns brands including He-Man, Postman Pat, Rupert the Bear and Casper the Friendly Ghost.

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