China Media Capital and FountainVest Complete Sale of Shares of IMAX China
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.
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