Deluxe takes on Rainmaker
EmptyDeluxe Entertainment Services Group has completed the acquisition of Rainmaker Income Fund's post production and visual effects business in Vancouver and its visual effects operation in London. The acquisition does not include Rainmaker's animation business in Vancouver.
With the deal -- an estimated value up to $31 million -- Deluxe gains laboratory, post and visual effects capabilities in Vancouver, as well as grows its London operations to include visual effects. The Vancouver operations will now operate under the name Deluxe Vancouver. Deluxe Entertainment Services Group is a wholly-owned subsidiary of MacAndrews & Forbes Holdings.