Paula Deen is ready to make a comeback, and in a big, big way.
Her new company, Paula Deen Ventures, received an investment between $75 million and $100 million from Najafi Cos., according to The Wall Street Journal.
The Arizona-based private-equity company who invested in Paula is led by Jahm Najafi, who owns the Book-of-the-Month Club and BMG Music Service.
It hopes to help the Southern chef establish new deals and break away from her old business model, which was based on licensing her celebrity image to others.
The chief executive of Deen Ventures, Steven Nanula, said the company is in talks with possible partners, including in the TV space ... just not Food Network.
Deen was fired by the Food Network and many of her other sponsors last year after she admitted to using a racial slur during a deposition she gave for a lawsuit.