SINGAPORE, Oct. 25, 2022 /PRNewswire/ — Cityneon Holdings (“Cityneon”, the “Company”/collectively with its subsidiaries, the “Group”), welcomes a contemporary funding of S$150 million from 65 Equity Partners, an independently managed funding agency wholly-owned by Temasek Holdings. Cityneon concluded a spherical of personal funding that raised S$235 million final April, and the collective funds raised can be utilized to additional strengthen the Group’s development trajectory and aspirations.
65 Equity Partners now joins current main institutional traders and shareholders – CITIC Capital, Pavilion Capital, EDBI, Qatar’s Doha Venture Capital, and SeaTown Holdings International, veteran entrepreneur and investor Mr. Johnson Ko, in addition to Executive Chairman & Group CEO Mr. Ron Tan, to kind a brand new and robust investor base for the Group’s future.
“We are excited to partner Cityneon’s management team in its next phase of growth. Cityneon has a unique franchise, which provides IP-based immersive entertainment where it has built a leading position globally supported by a portfolio of high quality IPs. This investment aligns strategically with our mandate of supporting high growth, leading businesses led by founders and entrepreneurs, to help them scale and fulfil their growth aspirations, as well as facilitating their eventual public listing” stated Tan Chong Lee, Chief Executive Officer of 65 Equity Partners.
The funds raised can be strategically channeled in direction of the Group’s development methods globally, together with increasing into new markets, buying of latest mental property (“IP”), build up technological capabilities through the Company’s in-house R&D division, establishing new and worthwhile traces of companies, and shoring up its stability sheet.
Credit Suisse acted because the Company’s sole monetary advisor on this transaction.
Rebranding to NEON
The want to rebrand Cityneon was pushed by the Group’s enhanced imaginative and prescient to be the worldwide chief in immersive leisure whereas sustaining the hyperlink to its 65 years of legacy. The phrase “NEON” stems from the Greek phrase, “neos”, which suggests “new”, and staying true to its which means, NEON will attempt to at all times be related, providing new, thrilling and epic experiences for followers and households around the globe.
Executive Chairman and Group CEO of Cityneon, Mr. Ron Tan stated, “This successful round of funding is a testament of the confidence in the Group and affirms our trajectory of growth as a global leader in creating unique, immersive experiences for audiences worldwide. With the support of 65 Equity Partners, and our strong stable of existing shareholders, we are excited about future opportunities as we continue to strengthen our capabilities and expand the reach of our portfolio of IP experiences to accelerate growth into 2023 and beyond.
Our rebranding into NEON, encompasses our vision of the convergence of the physical and digital space, transcending geographical limitations and creating a fully integrated global experience for our visitors.”
New Chapter of Growth
Emerging from COVID-19 and with a stronger stability sheet from the capital raised during the last two years, the Company is prepared for a brand new chapter of development in 2023 and past.
The Group lately expanded into new markets and experiences, working with the governments of Peru and Egypt to current two Original Artefact IP Experiences – Machu Picchu and the Golden Empires of Peru and Ramses the Great and the Gold of the Pharaohs, showcasing genuine historic artefacts to audiences in main cities around the globe in addition to signing two new world IPs with Warner Bros. Themed Entertainment and getting into right into a strategic partnership with the Qatar Free Zones. During the 12 months, it additionally noticed sturdy efficiency in key exhibitions together with the Jurassic World: The Exhibition in London, Ramses the Great and the Gold of the Pharaohs in San Francisco, and Marvel Avengers S.T.A.T.I.O.N. in Chile and Tokyo.
Exciting initiatives on the horizon embody the world debut of Avatar: The Experience on the iconic Cloud Forest at Gardens by the Bay, Singapore on twenty eighth October 2022, and Jurassic World: The Exhibition which can be launched in Japan in Spring 2023, and plenty of extra.
About Cityneon Holdings
Cityneon is a world chief in immersive experiences that holds world partnerships with billion-dollar studios such as The Walt Disney Company and Marvel Entertainment for Marvel Avengers S.T.A.T.I.O.N. and Marvel Avengers Station: Evolution and twentieth Century Studios for AVATAR: The Exhibition, Hasbro for Transformers: The Experience, NBCUniversal for Jurassic World: The Exhibition, and Lionsgate for The Hunger Games: The Exhibition. It additionally has a partnership with Warner Bros. Themed Entertainment to produce two brand-new, distinctive world touring themed artwork experiences impressed by DC and the Wizarding World, slated to launch in 2023. The Company additionally companions with the governments of Peru and Egypt for his or her authentic artifact IP experiences, Machu Picchu and the Golden Empires of Peru and Ramses the Great and the Gold of the Pharaohs respectively, plus authentic artifact excursions Pompeii: The Exhibition, Mummies of the World: The Exhibition and Victoria the T. Rex. These partnerships have enabled the Group to carry compelling experiences that go away lasting recollections to guests in additional than 50 cities to date globally. For extra data, please go to www.cityneongroup.com.
About 65 Equity Partners
65 Equity Partners is an independently managed wholly-owned funding platform of Temasek which focuses on offering fairness and structured capital options to main firms with development aspirations, in Southeast Asia, Europe and the United States. In Singapore, the technique of 65 Equity Partners is to present capital options to native enterprises with basically sound companies to assist them develop regionally or remodel strategically. 65 Equity Partners may also put money into main firms and new economy companies in Singapore and the area, forward of their eventual itemizing in Singapore. For extra data, please go to www.65equitypartners.com.
For Investor Relations/Media inquiries, please contact:
Wong Yi Lin
Group Head, Corporate Relations
Cityneon Holdings
Tel: +65 6571 6338
Email: [email protected]
SOURCE Cityneon Holdings
