Delta Partners advises iflix on $133 million funding led by Hearst

Delta Partners advises iflix on $133 million funding led by Hearst

Press releases

Dubai, 10 August 2017 

Delta Partners Corporate Finance Limited, a member of Delta Partners, has acted as financial advisor on a $133 million funding round for iflix, the Malaysian Subscription Video on Demand (SVoD) service for emerging markets, offering users unlimited access to thousands of TV shows and movies from all over the world.

Working in conjunction with Moelis & Company LLC, Delta Partners co-advised iflix on the deal, which was an important milestone in the securing of the funding required to continue building its global presence.

The funding round attracted significant interest from both new investors and existing shareholders and it was led by Hearst, one of America’s leading diversified media, information and services companies. Additional investors, including Singapore-based EDBI, the corporate investment arm of the Singapore Economic Development Board, clients of DBS private bank and existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc, all increased their investments as part of the funding round.

Commenting on Delta Partners’ role in the funding, Fede Membrillera, Managing Partner and Head of Corporate Finance, Delta Partners, said: “This is yet another relevant step forward in iflix’s journey towards building its position as the leading SVOD player in emerging markets. We are proud to have been a reference advisor to iflix since 2015, supporting the company in delivering its promise to customers and shareholders.”

Mark Britt, Co-founder and CEO, iflix, added: “This round of funding will allow us to continue investing in local and original content, whilst continuing to fuel our global customer reach. With $220m of funding raised so far this year, we can continue to rapidly evolve the iflix service to meet the unique challenges of emerging markets.

“Delta Partners has been instrumental in not only raising funds, but also in helping to navigate the understanding and commercial integration with our telco partners in taking to market a winning value proposition.”

Iflix was launched in May 2015 and is available in 19 countries around Asia, Middle East and Africa.


About Delta Partners

Delta Partners is the leading Advisory and Investment firm specialized in Telecoms, Media and Digital with offices in the Middle East, Africa, Europe, Asia, Latin America and the United States of America. We partner with global and regional telecom providers, digital players, other TMD clients and our investors to help them address their most challenging strategic issues.

With more than 200 professionals, the group operates globally and covers the emerging and high-growth economies with a unique approach that combines strategic perspectives with a hands-on pragmatic approach. Delta Partners delivers tangible results to clients and investors through its exclusive sector focus on Telecoms, Media and Digital.

Our unique combination of Management Consulting, Corporate Finance1 and Investments2 creates unparalleled value for our clients, investors and business partners.

For more information, please visit www.deltapartnersgroup.com and follow us on Twitter @Delta_Partners

Delta Partners Corporate Finance1 Limited and Delta Partners Capital2 Limited are members of the Delta Partners Group of companies and are authorised and regulated by the DFSA.

For further press enquiries:
 
Delta Partners
Agne Skutelis
Mobile: +971 56 1770 765
Email: ags@deltapartnersgroup.com

Markettiers
Cheryl King or Rachel Lewis
Email: deltapartners@markettiers.com
Telephone: +971 (0)4 369 2709

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