China: Everbright M&A fund acquires Shanghai Film Art Academy

Visual from Shanghai Film Academy website

IDG-Everbright M&A Investment Fund, the largest M&A fund in China, has acquired a controlling stake in the Shanghai Film Art Academy to join hands to construct a “Bright Future Film & Television Industry Base”.

The size of the deal was not disclosed.

IDG-Everbright M&A is jointly owned by China Everbright Ltd and IDG Capital Partners, which was launched last July with total committed capital of $3 billlion ((RMB 20 billion).

The fund is focused on investing in cultural education and film entertainment segments. The latest investment marks its important strategic move in the film and education industries.

Founded in December 2013, the Shanghai Film Art Academy is a full-day institute of higher education in the fine arts, recognised by the Ministry of Education, Ministry of Culture and Shanghai Municipal Government.

Being one of two independent educational institutions in China focused on film, Shanghai Film Art Academy’s brand cache are a combination of professionals and students. It is currently working with the New York Film Academy to offer courses and will welcome its first batch of international students in September 2016.

IDG-Everbright M&A’s construction of a Bright Future Film & Television Industry Base will involve activities ranging from IP incubation, nurturing filmmaking talents, building high-tech movie studios, acquiring quality Hollywood independent film companies, post-production companies and special effects teams, as well as to work closely with premium film companies and schools in Europe, which all together helps consolidate the entire film industry chain and nurtures the growth of China’s film industry.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.