Joint Venture

Seven Arts Entertainment Inc. (SAPX) has formed a joint venture with Hanger Ink, aiming to leverage Hanger’s production capabilities in marketing materials, set design, and branded merchandise. The venture is projected to generate $5-8 million in revenue over the next 18 months. SAPX also secured a 90-day window for a potential acquisition of Hanger Ink and is undergoing extended due diligence. The partnership seeks to capitalize on cross-promotion and Hanger’s industry relationships.

Ericsson announced the completion of equity investments by twelve CSPs into Aduna, establishing it as a 50:50 joint venture operational since September 2024. Aduna aims to aggregate and commercialize network APIs globally, fostering developer innovation through a unified platform. Its ecosystem includes CSPs, developer platforms, GSIs, CPaaS providers, and ISVs. This collaborative effort, leveraging Ericsson’s network platform and the partners’ telecom expertise, seeks to avoid fragmentation in network API development and drive industry growth.

Mag Mile Capital secured a $10.25 million joint venture equity deal for an office-to-multifamily conversion project in Chicago’s River North. The project at 111 W. Illinois will transform a Class A office building into 153 apartments and the deal closed in late May 2025 with equity from a Chicago-based institutional partner. This highlights a significant shift in the real estate landscape.