BERLIN — French bank Paribas will act as the consortium leader handling the public listing for German production and licensing company Helkon Media.
Helkon, set to hit Germany’s Neuer Markt in October, will place about 40% of the company on the exchange.
Dutch entertainment giant Endemol will remain a significant Helkon partner while reducing the 51% stake it currently holds to 25%.
Helkon plans to use the coin to expand its core activities of licensing, production and theatrical distribution. Helkon co-founder Werner Koenig has set his sights on establishing Helkon as a “movie brand.”
Releasing figures for the last fiscal year through July 31, Helkon recorded revenues of DM63 million ($33 million), and pre-tax and interest results (EBITDA) of $2 million.
The Munich-based company is an active player Stateside, working with several U.S. indies including Seven Arts, Ed Pressman, Intermedia and Dark Castle.
On home soil it recently signed a co-op agreement with Buena Vista Intl. covering production, theatrical-, pay and free-TV distribution.