JP Morgan boosts Technicolor balance sheet
By Julian Clover

Technicolor is planning a capital increase of up to €158 million as the set-top developer looks to strengthen its balance sheet as part of the Amplify 2015 strategic roadmap.

Subject to shareholder approval the stake in the company will be acquired by an investment vehicle jointly owned by One Equity Partners, the private investment arm of JPMorgan Chase, and JPMorgan Chase & Co. The company already hold 1% of Technicolor’s equity.

Frederic Rose, CEO of Technicolor, said in a statement: “The capital increase we are planning will provide the Company with a stronger financial structure and a stable shareholder base to implement its growth strategy. The planned investment is a strong evidence of confidence in Technicolor and an endorsement of our strategy and growth potential.”

As part of Amplify 2015 Technicolor plans to expand its innovation pipeline and licensing business; develop solutions to address expanding digital media markets and consolidate its activities, expanding geographically to gain scale or access broader ecosystems.