Terms of the transaction were not made public.
MindGeek, which is headquartered in Luxembourg but with a large headquarters in Montreal, has been the target of several lawsuits for allegedly profiting from the distribution of child pornography and non-consensual sex videos, allegations that the company has denied.
“We are engaged with the MindGeek team and with stakeholders, content creators, advocates, law enforcement, civil society allies, and legislators to inform our efforts to strengthen the security of MindGeek platforms, going further. beyond legal and regulatory obligations,” Solomon Friedman, ECP founding partner, said in a statement.
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Founded in 2004, MindGeek operates a huge portfolio of adult entertainment sites, including Pornhub, YouPorn, Redtube, and Men.com.
However, the leader in the internet porn market has been facing increasing scrutiny since December 2020, when The New York Times published an article accusing Pornhub of posting illegal content online, including child pornography and rape videos.
The situation led to Canadian lawmakers questioning managers over the alleged abuses, while Mastercard and Visa suspended payments to Pornhub. Its top executives resigned in June 2022.
The entrance Canadian firm buys parent company of Pornhub, the largest online pornography site was first published on newspaper TODAY.
