Entertainment One (eOne) has completed its previously announced acquisition of Alliance from affiliates of The Goldman Sachs Group, Inc. and Investissement Québec, following the announcement on January 3, 2013, regarding clearance having been received from the Canadian Competition Bureau and the remaining conditions having been met.
Alliance is a leading independent distributor of filmed entertainment products in Canada, the United Kingdom and Spain.
The board of eOne believes that the acquisition brings about several benefits including: establishing the merged company as the largest independent film distributor in the Canadian and UK markets; Alliance and eOne operating in geographies that are highly complementary; and the company having an international reach across Canada, the United Kingdom, Benelux, Australia, the United States and Spain.