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Paul, Weiss Advises IMAX In Sale of USD 80m Stake To Strategic Investors.

10 April, 2014

 

Paul, Weiss advised IMAX Corporation (“IMAX“) in its sale of a 20 percent stake in its Greater China business, IMAX China (Holding), Inc. (“IMAX China“), to CMC Capital Partners, a Chinese investment fund focused on media and entertainment, and FountainVest Partners, a China-focused private equity firm. The investment provides for the sale and issuance of 20 percent of the shares in IMAX China, with the intent of further strengthening IMAX’s competitive position in China.   

 

By introducing Chinese ownership into its China subsidiary, IMAX expects the transaction to lead to an eventual initial public offering of IMAX China. Some of the key goals of the transaction include the continued expansion of IMAX’s theatre network in China, the sustained performance in the marketplace of IMAX’s Hollywood and Chinese titles, and the further strengthening of government and industry relationships within China. 

 

The Paul, Weiss team advising IMAX Corporation included partner Jeanette Chan, counsel Corinna Yu and associates Zuolong Wu and Patrick Tan.

 

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