Wikipedia
For the South African media group, see Primedia Broadcasting
RentPath Inc. is a privately held US-American media company owned by TPG Capital and Providence Equity Partners LLC.
Organized in 1989 as K-III Communications Corporation by private equity giant Kohlberg Kravis Roberts, the company made a series of acquisitions of niche publications under Bill Reilly's leadership in the 1990s. The firm went public in 1995, selling stock 15 million shares at approximately $12 per share, in a deal that left Kohlberg Kravis Roberts with control of 82.2% of the company's shares. The firm adopted the Primedia name as of November 18, 1997 to more clearly focus on its core business. Primedia sold a group of 17 outdoor-oriented magazines to InterMedia Outdoors for $170 million in cash, in a deal that included Guns and Ammo and Fly Fisherman. In 2007 Primedia sold its Enthusiast Media division to Source Interlink in a deal that netted Primedia $1.15 billion in cash in exchange for a group of more than 70 magazines, including Motor Trend and Soap Opera Digest and 90 consumer web sites. The deal left Primedia to focus on a series of free print and online consumer guides published by its Consumer Source unit.
In 2011, private equity firm TPG Capital bought Primedia for $525 million. In 2013, the company changed its name to RentPath.
In 2014, Providence Equity Partners LLC acquired 50% of the company.
In July 2015, former CEO of AutoTrader, Chip Perry, was named president and CEO of RentPath. He succeeded Charles Stubbs who has remained on the RentPath board of directors.
In November 2015, Chip Perry stepped down as president and CEO of RentPath, to take over as CEO of TrueCar.
RentPath's CFO, Kim Payne, has stepped in as interim president and CEO as of November 2015.
RentPath named Marc P. Lefar as President and CEO on April 4, 2016.