Sheppard Mullin represented ICM Partners on the deal
Howie Mandel, a native Canadian, and ICM Partners are a leading an investor group that has acquired Just For Laughs Group / Groupe Juste pour rire, the global comedy enterprise who produce the world’s largest comedy festival annually in Montreal, multiple international comedy tours, television specials and annual festivals around the world including in Toronto, Vancouver and Sydney. Furthermore, the new owners are in talks with prominent local Quebec players to join the investment group.
The announcement was made by Howie Mandel, Chris Silbermann, Managing Director, ICM Partners, and Pierre-Marc Johnson, chairman of the board of the Just For Laughs Festival. The acquisition will enable Just For Laughs to continue to thrive and grow on a worldwide basis. The plan calls for Just For Laughs and its French counterpart, Festival Juste pour rire, to be run exactly as they have, with all the same leadership and personnel in place.
Just For Laughs has grown and diversified in a major way since its inception as a French comedy festival in Montreal in 1983. Today, it is a global group with subsidiaries in the United States and France. It has production and distribution businesses in more than 135 countries and its programming is seen on more than 100 airlines worldwide.
ICM Partners, LLC operates as a talent and literacy company in the United States. The company, led by Chris Silbermann is based in Los Angeles.
The Sheppard Mullin team, led by partners Jennifer Lee (Picture) and David Sands, included partners Charbel Lahoud, Keith Gercken, Robb Klein and Brian Pass; and associates Edward Xia and Jon Freedman.
Involved fees earner: Jennifer Lee – Sheppard Mullin; Jon Freedman – Sheppard Mullin; David Sands – Sheppard Mullin; Edward Xia – Sheppard Mullin; Keith R. Gercken – Sheppard Mullin; Robb Klein – Sheppard Mullin; Charbel Lahoud – Sheppard Mullin; Brian Pass – Sheppard Mullin;
Law Firms: Sheppard Mullin;
Clients: ICM Partners;