Paribas to shepherd Helkon stock
French bank to handle Munich-based co.'s IPO
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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.
