New Management Team to be Led by Industry Veteran Victor Loewy
TORONTO, Sept. 10 /CNW/ - EdgeStone Capital Partners, a Toronto-based
private equity fund, today announced the creation of Alliance Films, Canada's
leading independent distributor of motion pictures and a major player in the
The announcement follows last month's acquisition of Motion Picture
Distribution LP, the motion picture distribution arm of Alliance Atlantis
Communications Inc., by an acquisition company controlled by EdgeStone, in
which Goldman Sachs Capital Partners owns an equity interest.
Alliance Films will continue the business of Motion Picture Distribution,
including having exclusive Canadian distribution rights for leading studios
such as New Line, Miramax, Focus Features, The Weinstein Company, as well as
distributing independent films for many other prominent producers.
In addition to being the premier film distributor in Canada, Alliance
Films has a strong presence in motion picture distribution in the United
Kingdom through Momentum Pictures and in Spain through Producciones Aurum.
Through Viva Films, Alliance Films is also a leading distributor in French
Canada of both English and French language films.
The Company will be run by a seasoned team of film industry executives.
Legendary industry veteran Victor Loewy will serve as Executive Chairman,
while Charles Layton will be President, and Xavier Marchand will serve as
President of International Distribution.
"I am delighted to be able to expand this business with committed new
owners," Loewy said. "Alliance Films continues to benefit from the strongest
relationships in the business and a talented management team able to grow the
Company, domestically and internationally."
"Canadians are recognized around the world as talented film-makers, and
Canada is known for its burgeoning cinema industry," Loewy added. "We are
proud of our history as a champion of Canadian film both here at home and
around the world - a role we will continue to play."
Victor Loewy is a veteran of the Canadian film industry. He began his
career in 1972 and helped found Alliance Communications in the 1980s, becoming
President and later Chairman of Motion Picture Distribution LP when Alliance
merged with Atlantis Films and spun off its distribution arm. Throughout his
career, he has been a leading advocate for the Canadian film industry and has
played a key role in ensuring that audiences have access to Canadian films
both domestically and around the world.
Charles Layton was previously Executive Vice President of Miramax Films
and The Weinstein Company. Xavier Marchand was Managing Director of Momentum
Pictures. Prior to that, he was President of Universal Pictures International.
He also served as Senior Vice President for Europe, Middle East and Africa for
Warner Bros International.
Gilbert S. Palter, Chief Investment Officer and Managing Partner of
EdgeStone, said, "EdgeStone is very excited by the energy, enthusiasm and
experience the new management team brings, and brings back, to the company. We
are fully committed to ensuring that Alliance Films continues to play its
important cultural role in Canada, and we will leverage our significant
business experience and network to help the company further strengthen its
leading position in the Canadian home market."
EdgeStone is one of Canada's leading private equity firms and has managed
in excess of CDN$2.3 billion of private capital on behalf of institutional and
high net worth clients. EdgeStone provides capital, strategic direction and
business and financial advice to help promising mid-market and early-stage
companies achieve their full potential. EdgeStone leverages the resources of
its broad business network and ensures an alignment of interests to achieve
superior returns for all stakeholders. EdgeStone is one of the principal
entities of the GMP Capital Trust group (TSX: GMP.UN).
Founded in 1869, Goldman Sachs is one of the oldest and largest
investment banking firms. Goldman Sachs is also a global leader in private
corporate equity and mezzanine investing. Established in 1991, the GS Capital
Partners Funds are part of the firm's Principal Investment Area in the
Merchant Banking Division, which has formed 13 investment vehicles aggregating
$56-billion of capital to date.
For further information:
For further information: David Weiner, NATIONAL Public Relations, (416)