Toronto-basedreleasing company THINKFilm has attracted new equity investment from twoCanadian investment firms, Covington Capital Corporation and Dynamic VentureOpportunities Fund.
This is thefirst new infusion of equity capital in the privately-held company since RobertLantos of Serendipity Point Films joined as a partner and chairman in January2003.
In a statement,THINKFilm president and chief executive officer Jeff Sackman said the new moneywould allow the company, which has been profitable since its first year, to 'move to the nextlevel'.
THINKFilm goesinto the upcoming Toronto International Film Festival with the Canadian rightsto festival opener Being Julia, courtesy of Lantos, who produced the film, as well as the world premiere of documentary GoingUpriver: The Long War Of John Kerry, Sundance Grand Jury Prize winner Primer, Jonathan Nossiter's Cannescompetitor Mondovino,and Hungarian thriller Kontroll, whose director Antal Nimrod won Cannes' Prix de la Jeunesse.
The deal wasbrokered by John Grant of Royal Bank of Canada Capital Markets and negotiatedby THINKFilm chief financial officer Marc Hirshberg, Scott Clark and Will Jinfor Covington, and Ray Benzinger for Dynamic.