Access Industries

Source: Wikipedia, the free encyclopedia.

Access Industries, Inc.
Company typePrivate
IndustryConglomerate
Founded1986; 38 years ago (1986)
FounderLen Blavatnik
Headquarters
New York City, U.S. London, England, UK
Key people
Len Blavatnik
Products
OwnerLen Blavatnik
Subsidiaries
Websitewww.accessindustries.com

Access Industries, Inc. is a British-American privately held multinational industrial group.[1] It was founded in 1986 by businessman Leonard "Len" Blavatnik, who is also its chairman. Access Industries' focus is in four areas: natural resources and chemicals, media and telecommunications,[1] venture capital[2] and real estate.[1] The group invests in the United States, Europe,[3] Israel,[4] and Latin America.[3] It is headquartered in New York and London with additional offices in Moscow.[1]

History

The first logo used from 1986 to 2023

British Petroleum (BP) to form TNK-BP in 2003,[3] in what was the largest-ever foreign investment in a Russian company.[7] In 2013, Rosneft acquired TNK-BP for $55 billion,[8] with Access Industries selling its stake and Blavatnik collecting US$7 billion for his share of the oil venture.[6]

Access purchased a large stake in the fashion label

Icon Film Distribution UK,[10] Perform Group, Top Up TV, Amedia, RGE Group, and Warner Music Group (WMG).[14] On July 20, 2011,[15] Access acquired Warner Music Group[9] for US$3.3 billion.[16]

Access Industries has made a variety of contributions to political candidates in local, state and national elections in the United States.

Access Entertainment, a division headed up by former BBC Television boss Danny Cohen which specialises in investing in the entertainment media sector.[19] After investing in Facebook before its IPO, Access exited its Facebook holdings in late 2015.[2]

Holdings

As of 2016,[update] Access Industries continued to have stakes in companies such as

UC Rusal, LyondellBasell, Rocket Internet, Warner Music Group, and Zalando.[6] In April 2017, Access Entertainment purchased a stake in RatPac Entertainment.[20]

Natural resources and chemicals

Among Access Industries' current holdings are businesses

UC RUSAL.[6] RUSAL raised $2.24 billion in a 2010 IPO on the Hong Kong Stock Exchange,[26] and as of 2017, it was the world's largest aluminum producer.[6]

In 2005 Access acquired

Chapter 11 bankruptcy protection in a significantly improved financial position. With a value of $15 billion,[8] it was subsequently ranked as the world's third-largest chemical company based on net sales.[8][27] Access Industries repurchased a large stake in the company in 2013.[8] As of 2017, Access owned approximately 18% of LyondellBasell.[29]

Since 2013, Access Industries has owned Clal Industries Ltd. (CII), an Israeli industrial investment group.

Calpine Corporation for $5.6 billion.[23]

Media and telecommunications

Access Industries has a number of portfolio companies in the media and telecommunications industries.

Sports Channel.[34] Access Industries also owns a majority[35] stake in Amedia, a large Russian film and TV studio[36] known for shows such as Poor Nastya. Amedia earned exclusive rights to premiere HBO content in Russia in July 2017.[37]

Access invested in

NYSE in May 2005, Access continued as a significant shareholder[39] with a 2 percent stake prior to 2011.[40] Access acquired WMG[9] for US$3.3 billion,[16] including $320 million in cash and the assumption of $2 billion of WMG debt.[40]

Access Industries owns AI Film

Sporting News[45] and launched the sports streaming video service DAZN in 2016.[46] As of 2019, Access held over 85% of the group.[45]

In May 2015, Access Entertainment was established with the hiring of its president, Danny Cohen, BBC's former director of television.[19] They took a 25% stake in Bad Wolf international TV firm, and have a financing venture for drama programming with BBC Worldwide/Lookout Point and a development slate deal with House Productions.[47] In April 2017, Access Entertainment purchased James Packer's ownership share of RatPac Entertainment, which includes the joint venture, RatPac-Dune Entertainment.[48]

In 2018, Pearlfisher has created the new identity for Access Entertainment.[49] In December 2021, Access Entertainment sold their stake in Bad Wolf to Sony Pictures Television.[50]

Technology

In 2015, Access Industries launched Access Technology Ventures, a venture and growth technology investment arm focused on pre-IPO "

First Access Entertainment in October 2015, which focuses on talent development and representation in music, entertainment, and fashion.[54] Access Industries invested $137 million into Opendoor.[55]

Real estate

Access owns a portfolio of hotels and other commercial and residential properties in the United States, Europe, South America, and the Caribbean, including:[1][56]

Political activities

In 2015, Access Industries donated $1.8 million to Super PACs supporting Republican presidential candidates Scott Walker and Lindsey Graham.[61]

References

  1. ^
    Bloomberg
    , retrieved December 16, 2017
  2. ^ a b c d e Meet the $2.5 Billion Venture Firm You've Never Heard Of, Fortune, May 30, 2017, retrieved December 16, 2017
  3. ^ a b c d Yenikeyeff, Shamil (November 23, 2011), BP, Russian billionaires, and the Kremlin: a Power Triangle that never was (PDF), Oxford Energy Comment, retrieved December 15, 2017
  4. ^ a b c Negotiations Underway to Sell Control of Channel 10 to Jewish Billionaire Len Blavatnik, Haaretz, November 13, 2013, retrieved December 17, 2017
  5. ^ "About Us". Access Industries. Retrieved March 27, 2023.
  6. ^ a b c d e f g h Len Blavatnik, Bloomberg, retrieved December 15, 2017
  7. ^ "Battle for TNK-BP turns into all-out war", The Guardian, July 26, 2008, retrieved December 15, 2017
  8. ^ a b c d e f g h "How One Billionaire's Bet On LyondellBasell Turned Into The Greatest Deal In Wall St. History", Forbes, July 30, 2014, retrieved December 15, 2017
  9. ^ a b c d The rise of billionaire Len Blavatnik, one of Wall Street's greatest dealmakers, Business Insider, February 25, 2016, retrieved December 16, 2017
  10. ^ a b c "Property and industrial mogul Len Blavatnik puts his money in music", The Guardian, June 13, 2011, retrieved December 15, 2017
  11. ^ Top Up Tv, Top Up TV, June 2015, archived from the original on December 17, 2017, retrieved December 15, 2017
  12. ^ Acision's backers give mobile firm $100 mln more, Reuters, October 4, 2010, retrieved December 15, 2017
  13. ^ Comverse Signs Definitive Agreement to Acquire Acision; Combined Company to Extend Global Leadership in Next-Generation Digital Service Solutions, Xura, June 15, 2017, retrieved December 15, 2017
  14. ^ a b UPDATE: Weinstein Co Making Film Deal With Len Blavatnik/Stewart Till's Icon UK, Deadline Hollywood, October 11, 2010, retrieved December 16, 2017
  15. ^ "Access Industries Completes Acquisition of Warner Music Group", by Ed Christman Billboard, July 20, 2011
  16. ^ a b Smith, Ethan, "Deal Values Warner Music at $3.3 Billion", The Wall Street Journal, May 6, 2011, 12:39 P.M. EDT. Retrieved May 6, 2011.
  17. ^ Access Industries, OpenSecrets.org, retrieved December 16, 2017
  18. ^ "Million-Dollar Donors in the 2016 Presidential Race". The New York Times. August 25, 2015. Retrieved October 14, 2015.
  19. ^ a b Szalai, Georg (May 12, 2016). "Former BBC TV Boss Danny Cohen Joins Len Blavatnik to Launch Access Entertainment". The Hollywood Reporter. Retrieved April 26, 2017.
  20. ^ Hipes, Patrick (April 18, 2017). "Len Blavatnik's Access Acquires RatPac Entertainment Stake". Deadline Hollywood. Retrieved April 24, 2017.
  21. ^ a b Apollo's EP Energy files for IPO a year after buyout, Reuters, September 4, 2013, retrieved December 17, 2017
  22. ^ a b c d "Basell Closes Lyondell Chemical Deal", The New York Times, December 21, 2007, retrieved December 15, 2017
  23. ^ a b Calpine Agrees to be Acquired by Investor Consortium Led by Energy Capital Partners, Calpine, August 18, 2017, retrieved December 17, 2017
  24. ^ a b c Access Industries offers to buy rest of Clal Industries, Reuters, June 23, 2013, retrieved December 17, 2017
  25. ^ Bain, SK Hynix group ups bid for Toshiba chip unit to $22 billion: sources, Reuters, September 8, 2017, retrieved December 15, 2017
  26. ^ "Rusal is first Russian company to list on Hong Kong exchange", The Guardian, December 31, 2009, retrieved December 15, 2017
  27. ^ a b c "LyondellBasell May Seek Chapter 11 Bankruptcy Protection". The New York Times. Bloomberg. January 1, 2009. Archived from the original on February 24, 2015. Retrieved March 21, 2022.
  28. ^ a b Lyondell Chemical emerges from bankruptcy, Reuters, April 30, 2010, retrieved December 15, 2017
  29. ^ SEC report, LyondellBasell Industries N.V. (LYB), April 6, 2017, retrieved December 15, 2017
  30. ^ Blavatnik Offers to Buy Rest of Clal Industries, Jewish Business News, June 23, 2013, retrieved December 17, 2017
  31. ^ Fildes, Nic (November 26, 2018). "Len Blavatnik's Norwegian telecoms group Ice set to float". Financial Times. Retrieved November 17, 2021.
  32. ^ AINMT buys 30% of Nextel Brazil, may raise it to 60%, Telecompaper, June 6, 2017, retrieved December 17, 2017
  33. ^ Company Overview of AINMT Holding AB, Bloomberg, retrieved December 17, 2017
  34. ^ a b Blavatnik Increases Stake in RGE Media Group, Haaretz, April 30, 2010, retrieved December 17, 2017
  35. ^ Amedia, Access Industries, archived from the original on December 23, 2017, retrieved December 17, 2017
  36. ^ "Amedia, Russia's Largest Privately Owned TV Studio, Reportedly Seeks Buyer", The Hollywood Reporter, October 23, 2014, retrieved December 17, 2017
  37. ^ "HBO, Russia's Amedia Strike Exclusive Deal", The Hollywood Reporter, July 25, 2017, retrieved December 17, 2017
  38. San Diego Union-Tribune
    , May 6, 2011, retrieved December 15, 2017
  39. ^ Warner Music IPO, but who's buying?, CNN, March 11, 2005, retrieved December 15, 2017
  40. ^ a b "Warner Music Group being sold for $1.3 billion to Access Industries amid industry decline", Associated Press via The Washington Post, May 6, 1:38 PM EDT. Retrieved May 6, 2011.
  41. ^ AI Film Who We Are, AI Film
  42. ^ Ted Menmuir (November 13, 2014). "Perform Group to de-list as Access Industries takes over". SBC News. Retrieved September 21, 2015.
  43. ^ Perform Group to de-list as Access Industries takes over, SBC News, November 13, 2014, retrieved December 17, 2017
  44. ^ Perform Group surges on offer from Access Industries, Financial Times, September 1, 2014, retrieved December 17, 2017
  45. ^ a b Perform, AccessIndustries, archived from the original on June 27, 2019, retrieved July 8, 2019
  46. ^ a b Blavatnik's Perform Group rebuffs tech investors to build 'Netflix for sport', The Telegraph, August 20, 2016, retrieved December 15, 2017
  47. ^ Barraclough, Leo (March 27, 2017). "Len Blavatnik, Danny Cohen's Access Entertainment Backs Bad Wolf (EXCLUSIVE)". Variety. Retrieved November 17, 2021.
  48. ^ Hipes, Patrick (April 18, 2017). "Len Blavatnik's Access Acquires RatPac Entertainment Stake". Deadline. Retrieved April 24, 2017.
  49. ^ "Pearlfisher Rebrands Access Entertainment - Logo Designer". March 16, 2018.
  50. ^ Ramachandran, Naman (December 1, 2021). "Sony Confirms Acquisition of 'His Dark Materials' Producer Bad Wolf, Buys Out Sky/HBO Minority Stake". Variety. Retrieved March 27, 2022.
  51. ^ Warner Music's Parent Company Now In Control of Deezer Following French Approval, Billboard, September 8, 2016, retrieved December 17, 2017
  52. ^ VW invests $300M in Uber rival Gett in new ride-sharing partnership, TechCrunch, May 24, 2016, retrieved December 17, 2017
  53. ^ Access Technology Ventures Leads $300 Million Investment Round for Essential Products Inc., BusinessWire, August 9, 2017, retrieved December 17, 2017
  54. ^ Sarah Stennett Partners with Len Blavatnik's Access Industries To Launch Joint Venture "First Access Entertainment, WMG.com, October 28, 2015, retrieved December 17, 2017
  55. ^ "Here are the big winners from Opendoor's IPO". TheRealDeal. January 5, 2021.
  56. ^ a b c d Industries, Access Industries, archived from the original on March 31, 2018, retrieved December 16, 2017
  57. ^ "The Dream of Creating Another Buenos Aires" Archived March 11, 2012, at the Wayback Machine Faena Properties, December 13, 2003. Retrieved January 12, 2012.
  58. ^ "Grand-Hôtel Du Cap-Ferrat On Mediterranean Coastline To Become Four Seasons Property", Forbes, April 23, 2015, retrieved December 16, 2017
  59. ^ Len Blavatnik's Access Industries Buys One&Only Ocean Club Resort in Bahamas From Brookfield, Jewish Business News, June 10, 2014, retrieved December 16, 2017
  60. ^ The new Shahs of Sunset: Behind Jeff Klein's deal to bring in Len Blavatnik as partner on Sunset Tower Hotel, The Real Deal, May 24, 2017, retrieved December 16, 2017
  61. ^ "Million-Dollar Donors in the 2016 Presidential Race". The New York Times. August 25, 2015. Retrieved October 14, 2015.
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