Headline, Industry News

Frantic Films Equity Investment

WINNIPEG, Manitoba, Jan. 9 /PRNewswire/ – Frantic Films is pleased to announce it has secured a $5 million equity investment from Toronto-based Priveq Capital Funds. The proceeds will be used to fund the growth of all Frantic’s divisions through acquisitions and investment in current operations.

"We are thrilled to have the PRIVEQ team on board as we look to expand our business – again," said Jamie Brown, Frantic’s CEO and Executive Producer. "There are many more opportunities for growth we can access with this extra leverage behind us."

Frantic’s management is excited by the chance to expand all four of its major divisions, including visual effects, television/film production, and commercial production. "We also will use these funds to propel the company’s software development division forward," said Frantic COO, Ken Zorniak.

Commenting on the Frantic transaction, Brad Ashley, Managing Partner of PRIVEQ Capital Funds, said, "PRIVEQ is delighted to be an investor in Frantic. We are very impressed with the management team and the multitude of critically acclaimed successes the Company has been able to realize to date." Mr. Ashley also noted that "PRIVEQ is looking forward to supporting the Company’s efforts to realize on its tremendous growth opportunities."