Utah is nearing a “nine-figure” private equity deal with Otro Capital that would see the company take an ownership stake in a new for-profit entity, Utah Brands & Entertainment LLC, per Yahoo’s Ross Dellenger, who adds: “The university retains majority ownership and decision-making authority of Utah Brands & Entertainment. Otro marries the capital infusion with a team of experienced operators. A president from outside the university will preside over the company and report to a board, chaired by Utah athletic director Mark Harlan, with seats for trustees and Otro executives. The project includes a fascinating wrinkle. The university is offering a prominent group of donors the ability to purchase a stake in Utah Brands & Entertainment.” Also of note from Dellenger: “An exit strategy — in five to seven years — exists, and the university holds the right to purchase Otro’s ownership stake.” Lots more. (link)