Hennessee Group Veterans Join Forces With The Barbarians
Hennessee Group Veterans Join Forces With The Barbarians
NEW YORK, July 30 /PRNewswire/ -- Barbarian Films, LLC has announced a strategic alliance with SandDollar Capital LLC, a private equity firm founded by The Hennessee Group principals Charles Gradante and E. Lee Hennessee. SandDollar Capital LLC structures financing from professional investors and institutional sources on behalf of Private Equity funds.
Barbarian Films, LLC is an investment fund founded by a trio of long-time entertainment insiders that invests in structured independently produced film platforms. Barbarian includes a unique investment methodology and slates of projects from best-in-breed producers and production companies which collectively have generated over $2 Billion (US) in combined box office returns. Barbarian has recently formed a strategic partnership with the Endeavor Agency and has announced its first film investments including: Powder Blue featuring Forest Whitaker, Jessica Biel and Ray Liotta.
"The recent torrent of institutional investment being made at the film studio and independent distributor level coupled with the increased global demand for film products and new methods of media exploitation have created increased acquisition interest and inflated prices paid for high-quality independently produced film products. We have used our intimate relationships with consistently successful, award winning producers to create a unique fund which is the first of its kind to approach lower budget film slates in a significant way," said Aaron Kaufman, Managing Member of Barbarian Films.
SandDollar Capital LLC's Charles Gradante said, "We have seen consistent interest from individual investors, funds and institutions for non-correlated alternative investments. We see film investment as a logical solution however for some time were unable to find the right business model that would offer engaging returns while effectively managing the downside risks typically associated with film investment." Lee Hennessee added, "Barbarian is the first film fund to capitalize on the inefficiencies in the current film investment landscape."
Barbarian structures financing for low budget, high quality films through a combination of equity, debt, foreign sales and regional tax credits and rebates. Barbarian's investment model mitigates downside risk by considering film investments budgeted under $10 million whereby foreign market sales are estimated at more than 80% of the film's total budget. Barbarian hedges against the downside risk of its film investments by demanding substantial foreign market support prior to making an investment in a particular film. The ability to offset a film's risk is possible due to the film's lower budgets and Barbarian's production partner's ability to attract Internationally marketable casts and creative elements.
Ron Hartenbaum, Managing Member of Barbarian said, "We are pleased that Charles and Lee have joined forces with Barbarian. They are visionaries in the fields of Alternative Investments and The Hennessee Group is widely viewed as the definitive company in this field. Charles and Lee immediately saw Barbarian's potential and the value of our offering. We look forward to SandDollar's assistance in communicating our strategy to investors, funds and institutions that have come to trust their pioneering insights."
SandDollar Capital LLC's alliance with Barbarian is a multi-year relationship, which will include Barbarian's future funds and investment vehicles.
About Barbarian Films, LLC: Barbarian Films, LLC is an independent film investment fund which structures slate financing for independent producers and production entities. Barbarian packages commercially viable, independently produced films for investment by those interested in risk-managed exposure to film-backed securities. Barbarian's investment model mitigates downside risk by only considering film's budgeted under $10 million whose foreign market sales are estimated at greater than 80% of the film's total budget.
About SandDollar Capital LLC: Founded by Charles Gradante and E. Lee Hennessee, SandDollar Capital LLC is an independent private equity firm which structures financing from professional investors and institutional sources on behalf of private equity funds.
Contacts:
Barbarian Films, LLC:
Aaron Kaufman
646.839.6806
Aaron@WeAreBarbarians.com
SandDollar Capital LLC:
Charles Gradante
212.857.4460
Charles@SandDollarCapital.com
SandDollar Capital LLC:
E. Lee Hennessee
212.857.4460
Lee@SandDollarCapital.com
First Call Analyst:
FCMN Contact:
Source: Barbarian Films, LLC
CONTACT: Aaron Kaufman of Barbarian Films, LLC, +1-646-839-6806,
Aaron@WeAreBarbarians.com; or Charles Gradante, +1-212-857-4460,
Charles@SandDollarCapital.com, or E. Lee Hennessee, +1-212-857-4460,
Lee@SandDollarCapital.com, both of SandDollar Capital LLC
Web site:
http://www.wearebarbarians.com/
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