Imagine Entertainment is in negotiations to sell a majority stake in the production banner headed by Ron Howard and Brian Grazer to London-based investment firm Centricus Asset Management Ltd.
The talks were first reported by the The Wall Street Journal. The negotiations are accelerating but a source close to the situation cautions there’s still no certainty that a deal will come to fruition. The discussions under way with Centricus are said to value Imagine Entertainment, one of Hollywood’s largest independent content producers, at about $600 million to $700 million. The company has been in the hunt for a capital infusion through an equity sale for some months.
Centricus has $35 billion in assets under management and is known for investing in financial services, technology, infrastructure, media and sports businesses. The company was co-founded in 2016 by Nizar Al-Bassam and Dalinc Ariburnu. Josh Purvis serves as CEO and COO.
Imagine Entertainment declined to comment.
The talks were first reported by the The Wall Street Journal. The negotiations are accelerating but a source close to the situation cautions there’s still no certainty that a deal will come to fruition. The discussions under way with Centricus are said to value Imagine Entertainment, one of Hollywood’s largest independent content producers, at about $600 million to $700 million. The company has been in the hunt for a capital infusion through an equity sale for some months.
Centricus has $35 billion in assets under management and is known for investing in financial services, technology, infrastructure, media and sports businesses. The company was co-founded in 2016 by Nizar Al-Bassam and Dalinc Ariburnu. Josh Purvis serves as CEO and COO.
Imagine Entertainment declined to comment.
- 1/15/2022
- by Jennifer Maas and Cynthia Littleton
- Variety Film + TV
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