RSM has acted as joint reporting accountant on the AIM listing of FFI Holdings plc, a movie finance company whose credits include Oscar winning blockbusters such as La La Land and 12 Years a Slave.
The company, which lists on AIM today (30 June), has raised £59m of capital, comprising £31m of new funds and £28m for selling shareholders, at a valuation of £236m.
Film Finances Inc (FFI) was founded in London in 1950 and is now headquartered in Los Angeles in the USA, with 11 offices globally including in London, Stockholm, Toronto, New York, Johannesburg, Cologne and Shanghai.
Over the last 67 years, FFI has provided the financiers of film and television productions with contracts that such productions will be completed on time, on budget and to a basic pre-agreed specification.
Since 2008, FFI has issued completion contracts to all the leading financiers involved in the entertainment industry, unlocking funding for approximately 1,700 productions with gross production budgets estimated to be in excess of US$17bn.
‘FFI has a long history in the UK and we were delighted to be able to play a role in supporting them on their AIM listing. This IPO involved close cooperation with our counterparts in the US, underlining the strength of our transatlantic capability as part of the RSM International network.’