Get the latest gossip
Film Finances Unveils Company Sale In Prepackaged Chapter 11, Cutting Ties With Private-Equity Parent 777 Partners
Film Finances, global leader in film completion guarantees, and its related companies are set to be acquired by Film Services International, a new investor group with insurance company backing.
The purchase agreement under a voluntary, prepackaged Chapter 11 known as a 363 Sale, was filed in Delaware court today to sever the completion bond giant from private equity owner, Miami-based 777 Partners, whose legal and financial woes — from a failed Australian airline to a disastrous run for British football club Everton — have been making headlines this year. Peter Coleman, CEO of FFI Holding, said the new ownership group is committed to providing a substantial amount of capital to grow the various businesses and seek other acquisitions. The PE firm’s other clubs included Genoa, Hertha Berlin, Vasco da Gama, Red Star Paris, Melbourne Victory and Standard Liege.
Or read this on Deadline
