Imagine Entertainment in Talks to Sell Majority Stake to London Investment Firm Centricus

  • Variety
Imagine Entertainment in Talks to Sell Majority Stake to London Investment Firm Centricus
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.
See full article at Variety »

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