- Japanese investment bank Nomura has emerged as a surprise bidder for Technicolor, the film print processing business currently being sold by Carlton communications.
Nomura will compete with US private investment firms Bain Capital & Clayton and Dubilier & Rice as well as the UK private equity house Doughty Hanson, which is being advised by Merrill Lynch.
The Japanese bank is thought to be interested in Technicolor's new media capabilities, particularly its position as one of the biggest independent producers of DVDs. However it will be aware of the possible waning position of print processing businesses in the digital age. Two years ago, Rank group was forced to retain its Deluxe processing division after no interested bidders emerged.
Carlton is expected to receive about £1.7 billion from the sale of Technicolour, having paid £516.5 million for the business 12 years ago. The group will be keen to finalise the sale as soon as possible ahead of its plans to merge with United News & Media.