EXCLUSIVE: Marco Polo Production, which is owned by Hannibal Classics/Hannibal Pictures’ Richard Rionda Del Castro, has purchased Aventi Distribution, the leading independent home entertainment distributor in France. For Marco Polo, this acquisition represents an anticipated $20 million in annual revenue. Aventi’s network of clients includes over 3000 retailers and the largest chains in France, plus all direct access to all French VOD platforms. Marco Polo’s goal is to have Aventi distribute 70 titles in all media platforms, including ten theatrical releases per year.
The acquisition has been approved by all Aventi shareholders, Eton and Edmond De Rothschild Investment Partners. And both groups will now be shareholders of Marco Polo along with Patriot Capital. Company says that the Aventi business will continue to run as it has, with a staff of 24 people, but with a new CFO and consultants hired by Marco Polo for TV sales and acquisitions of films. The new hire will be announced in the coming months. Richard Lechartier will continue in the position of CEO of Aventi and Christophe Verneau will remain as Director of Marketing. Both are owners of Eton.
Marco Polo principles and majority owners, Richard Rionda Del Castro and Patricia Eberle, have hired Consultant Mark Holdom for overall acquisitions. Hayley Magouirk is Marco Polo’s head of business affairs. Marco Polo was represented in this transaction by Guy Cohen and Maxime Dugast from the financial firm NFINANCE and attorneys Isabelle Laratte and Olivier Uettwiller.