DHS Makes Full Acquisition of Carolco Enterprises for $745M: Fernando Aguirre, Vice Chairman of DHS Ventures & Holdings Announced
Retrieved on:
Tuesday, November 14, 2023
WASHINGTON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The leadership of DHS Ventures & Holdings announced today that it will acquire Carolco Enterprises from AXIS Capital, the merchant banking arm of Merrill Lynch.
Key Points:
- WASHINGTON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The leadership of DHS Ventures & Holdings announced today that it will acquire Carolco Enterprises from AXIS Capital, the merchant banking arm of Merrill Lynch.
- DHS Ventures & Holdings has bought all rights through its associates Bellinger & Sons, Thai Company Limited along with ISK Investment, a DHS Ventures group company.
- Carolco Enterprises, which the DHS Ventures & Holdings regards as a core business, is part of the defunct Carolco Pictures that went under in 1975.
- “We are thrilled to have acquired Carolco Enterprises which is such a part of Americana and a legacy aspects of motion pictures in the U.S., such a standard in quality of film and movies,” Fernando Aguirre, Vice Chairman of DHS Ventures & Holdings stated.