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1 item from 2007

Cookie Jar in talks with investors

26 April 2007 | The Hollywood Reporter | See recent The Hollywood Reporter news »

TORONTO -- Canadian animation producer Cookie Jar Group is speaking with potential new private equity investors -- with all options, including a sale of the company -- on the table.

"We've achieved our goal to turn around the company, and we're poised for continued dynamic growth," Cookie Jar CEO Michael Hirsh said Wednesday(April 25).

Hirsh, who along with his co-founders sold rival cartoon producer Nelvana Ltd. in 2000, returned in 2003 to lead a consortium including TD Capital Canadian Private Equity Partners and the giant OMERS pension fund that acquired and took rival Cinar Corp. private as part of a $144 million deal in early 2004.

Since then, Cookie Jar has maintained its profitable educational publishing business and resurrected the animation division after years of underinvestment and turmoil under the former ownership of Cinar co-founders Micheline Charest and Ronald Weinberg.

But now Cookie Jar needs growth capital to take its core businesses to the next level just as its equity investors consider cashing out, Hirsh said. »

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1 item from 2007

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