Company Spotlight: Technicolor

May 7, 2012 Debbie Jacobs Company Spotlight

Technicolor, a leading media and entertainment tech company, recently found salvation in JP Morgan Chase & Co. The American investment firm will contribute as much as $195.4 million in Technicolor, for a 29.96% equity share, after the tech company managed to pull out of bankruptcy protection two years ago.

Technicolor plans to use the development to boost its balance sheet, pay off debt, support its shareholder base and implement its newest growth plan. 80% of the funds, however, will be put towards hundred million dollar debts.

“The planned investment is a strong evidence of confidence in Technicolor and an endorsement of our strategy and growth potential,” said Frederic Rose, Technicolor CEO.

David Walsh of JP Morgan Chase added “We believe that the company has defined a strategy that will deliver long term value to Technicolor’s shareholders.”  

David Walsh, Frederic Rose, JP Morgan Chase & Co., Technicolor, U.S. Investments,

Comments are currently closed.