Owen Blicksilver PR is handling today’s news that Colony Capital agreed to pump a cash infusion into embattled The Weinstein Co. and to negotiate the acquisition of the entire company or key assets.
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The immediate investment will help stabilize TWC’s operations and “provide comfort to our critical distribution, production and talent partners around the world,” said board member Tarak Ben Ammar in a statement.
Colony is the private equity arm of Colony Northstar, which has $56B in assets under management.
It has worked with TWC through a joint venture established with Miramax to develop content from its library.
Tom Barrack, who founded Colony in 1991, is a key advisor to President Trump. He also helped stave off foreclosure of Michael Jackson’s Neverland Ranch.
Kristin Celauro, Blicksilver managing director, represents Colony in the deal.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
