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PE investors sell IMAX China stake

Private equity investors CMC Capital Partners and FountainVest Partners sold their collective 5.9% equity investment in IMAX Corp. unit IMAX China Holding Inc. at HK$39.72 per share to an international investment bank.

In an April 5 news release, IMAX China Chairman Richard Gelfond said the sale will help promote increased liquidity and "accomplishes a smooth transition of IMAX China shares into the market."

CMC will continue to be a key partner of IMAX and a strategic investor in the IMAX China Film Fund and the IMAX VR Fund, Gelfond added.