Production company HandMade Films has been listed on London’s Alternative Investment Market.
Shingle listed through a reverse takeover of film rights company Equator Group, which paid £14.8 million ($27. 8 million) for HandMade and will raise $19 million to repay debts and invest in the enlarged biz.
HandMade topper Patrick Meehan engineered the deal. Meehan’s family trust wholly owns Handmade, which it acquired in 1999, and holds 50% of Equator.