Suma Capital Acquires 40% Stake in Spanish Distributor A Contracorriente
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variety.comEmiliano De Pablos Barcelona-based private investment fund Suma Capital has taken a 40% stake in Adolfo Blanco’s A Contracorriente Films, aimed to boost the Spanish distributor’s movie acquisition capacity, to transform it into one of Europe’s leading indie distribution houses.Estimated at about €15 million ($17.9 million), the investment combines a capital increase with the purchase of shares from some minority partners.Under siblings Adolfo Blanco, CEO, and Amalia Blanco, president, A Contracorriente’s well-known management team will maintain control of the company and continue to manage day-to-day operations.Suma Capital’s financial support will speed up A Contracorriente’s transformation and help evaluate different strategic.
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