CPPIB-backed eOne buys up rest of Sierra/Affinity
Entertainment content studio Entertainment One (eOne) has acquired the remaining stake in Sierra/Affinity, a Beverly Hills, California-based film finance, production and foreign sales business. No financial terms were disclosed for the deal, which builds on eOne's initial investment in 2015. As a result, Sierra/Affinity's Nick Meyer and Marc Schaberg have joined the company to help lead film operations. Based in Toronto, eOne is backed by Canada Pension Plan Investment Board (CPPIB). CPPIB acquired a minority interest in 2015 from Marwyn Investment Management for $290 million.
3 July 2018•5 mins read
