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The Administrators have ceased trading the business and are undertaking an expressions of interest campaign to sell the fixed assets, intellectual property, and other business assets associated with the Companies.
The Companies supplied TV production services with skilled production personnel and advanced technology equipment facilitating the delivery of an end-to-end production solution for clients.
Key assets include but are not limited to:
The Administrators are in control of the sale process and are seeking Non-Binding Indicative Offers (“NBIOs”) from interested parties for the acquisition of its business and assets.
Said Jahani, Financial Advisory Partner at Grant Thornton said: “Preference will be given to offers that seek to acquire all assets and reflect the additional capacity that such assets provide to a strategic acquirer who may be an existing trade player or a party seeking to establish a foothold in the market.”
Interested parties are invited to submit a non-binding offer prior to 4:00PM (AEST) on Friday 12 April 2024.
To participate in the process and receive access to disclosure materials, please contact Grant Thornton by email: conor.corcoran@au.gt.com
Press Release
Grant Thornton Partners appointed as Administrators to Global Advance & Streamlined Productions
04 Apr 2024
On 27 March 2024, Said Jahani and Philip Campbell-Wilson of Grant Thornton Australia were appointed as Voluntary Administrators to Global Advance Production Services Pty Ltd and Streamlined Productions Pty, collectively referred to as “the Companies”.
The Administrators have ceased trading the business and are undertaking an expressions of interest campaign to sell the fixed assets, intellectual property, and other business assets associated with the Companies.
The Companies supplied TV production services with skilled production personnel and advanced technology equipment facilitating the delivery of an end-to-end production solution for clients.
Key assets include but are not limited to:
The Administrators are in control of the sale process and are seeking Non-Binding Indicative Offers (“NBIOs”) from interested parties for the acquisition of its business and assets.
Said Jahani, Financial Advisory Partner at Grant Thornton said: “Preference will be given to offers that seek to acquire all assets and reflect the additional capacity that such assets provide to a strategic acquirer who may be an existing trade player or a party seeking to establish a foothold in the market.”
Interested parties are invited to submit a non-binding offer prior to 4:00PM (AEST) on Friday 12 April 2024.
To participate in the process and receive access to disclosure materials, please contact Grant Thornton by email: conor.corcoran@au.gt.com
Experts / Authors
Mikala Spark
Senior Communications Manager at Grant Thornton Australia
