NEWS
China Media Capital and FountainVest Complete Sale of Shares of IMAX China
March 31, 2016
Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented CMC Capital Partners (“CMC”), China’s leading investment fund with a focus on the media and entertainment sector, and FountainVest Partners (“FountainVest”), a leading China-focused private equity firm, in completing a sale of 20 million shares of Hong Kong-listed IMAX China, which represents an approximately 6 percent stake in the company. IMAX China is a subsidiary of IMAX Corporation, an innovator in entertainment technology.
Paul Hastings has advised CMC and FountainVest on several key transactions over the past few years, including on the joint sale of their shares in the Hong Kong IPO of IMAX China, on CMC’s establishment of a US$700 million new movie studio with Warner Brothers to focus on the production and distribution of Chinese language motion pictures, and on FountainVest’s US$223 million Series C round fundraising by Fangdd.com, one of China’s top online real estate trading platforms.
The Paul Hastings team was led by corporate partners Douglas Freeman, Victor Chen, Sammy Li and Steven Winegar, with support from associate Winfield Lau.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.
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Becca Hatton