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.