Transaction|January 9, 2013
Entertainment One acquires Alliance Films, Inc.
Torys acted as counsel to Alliance Films and Goldman Sachs with a team that included David Chaikof, Glen Johnson, Paul Budovitch, Natasha Banka, Andrew Wong, Omar Wakil, Tom Zverina, Corrado Cardarelli, Jonathan Cescon, Catrina Card and Rory McGillis.
On January 9, 2013 Entertainment One Ltd. (eOne) completed its transaction to acquire Alliance Films, a leading independent distributor of filmed entertainment products in Canada, the United Kingdom and Spain, from affiliates of Goldman Sachs Capital Partners and Investissement Québec for approximately C$225 million. The completion of the transaction follows clearance by the Canadian Competition Bureau.
With international reach across Canada, the United Kingdom, Benelux, Australia, United States and now Spain, the acquisition unites two independent film distribution leaders under eOne and establishes the Group as the largest independent film distributor in both the Canadian and UK markets.
The integration of Alliance Films significantly broadens eOne's filmed entertainment library to over 35,000 titles; enhancing its offering of premium content across all platforms.
Leadership for the combined company will report to Darren Throop, who announced that Patrice Théroux will continue to lead the film business. eOne also announced that former Alliance CEO Victor Loewy and former Alliance President Charles Layton have left the Company to pursue other interests.
The Group will begin the integration process and will work quickly to bring the companies together under eOne. eOne's Television, Music and Distribution businesses remain unchanged by the transaction.
Entertainment One is an international entertainment company that specializes in the acquisition, production and distribution of film and television content.
Alliance Films is one of the top five independent filmed entertainment companies in the world. A leading multinational distributor, co-financier and producer of filmed entertainment, its member companies, Alliance Films and Alliance Vivafilm (Canada); Momentum Pictures (UK) and Aurum Producciones (Spain), offer integrated delivery of content in all media.
Further information can be found on Marketwire's website.
With international reach across Canada, the United Kingdom, Benelux, Australia, United States and now Spain, the acquisition unites two independent film distribution leaders under eOne and establishes the Group as the largest independent film distributor in both the Canadian and UK markets.
The integration of Alliance Films significantly broadens eOne's filmed entertainment library to over 35,000 titles; enhancing its offering of premium content across all platforms.
Leadership for the combined company will report to Darren Throop, who announced that Patrice Théroux will continue to lead the film business. eOne also announced that former Alliance CEO Victor Loewy and former Alliance President Charles Layton have left the Company to pursue other interests.
The Group will begin the integration process and will work quickly to bring the companies together under eOne. eOne's Television, Music and Distribution businesses remain unchanged by the transaction.
Entertainment One is an international entertainment company that specializes in the acquisition, production and distribution of film and television content.
Alliance Films is one of the top five independent filmed entertainment companies in the world. A leading multinational distributor, co-financier and producer of filmed entertainment, its member companies, Alliance Films and Alliance Vivafilm (Canada); Momentum Pictures (UK) and Aurum Producciones (Spain), offer integrated delivery of content in all media.
Further information can be found on Marketwire's website.