NEW YORK -- Chris Ingram, the chairman and founder of the former media holding company Tempus Group is launching a private equity business, Genesis Investments.
Tempus Group was the UK-based parent of media buying agency CIA Medianetwork. WPP Group bought Tempus last November for $630 million and folded CIA in with The Media Edge.
Ingram's new venture will be investing primarily in the media, entertainment and technology industries, a representative for the company said. Genesis is currently interested in European business, but may eventually enlarge its focus worldwide, the representative said.