TEC Movie to acquire a minority stake in Rainbow for €90m.

TEC Movie, an independent vehicle formed by the members of The Equity Club, agreed to acquire a minority stake in Rainbow, an Italian audiovisual and animation content creator and producer, for €90m. "We are thrilled to welcome The Equity Club as a strategic partner to support our next stage of growth. This transaction will allow us to pursue key investments, develop new productions and continue to bring talent and creativity Made in Italy to the world. Since our foundation, we have worked to grow Rainbow as an Italian excellence on a global level, focusing on innovation, quality and creativity to establish authentic emotional connections with audiences," Iginio Straffi, Rainbow Group Founder and CEO.