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Oct 19, 2016 12:32 AM ET

Archived: Why Wanda Group, biggest rival of Shanghai Disney, met with a Family Office in NYC

iCrowdNewswire - Oct 19, 2016


Wanda Group is a Chinese multinational corporation and the country’s largest property firm. Headed by China’s richest man, Wang Jianlin, it currently holds the title of being the world’s biggest sports firm and the largest cinema operator.

On the first week of October, Wanda Group had an event at the Princeton Club for a US family office collaboration. LDJ Capital Chairman David Drake and his Philadelphia office met with them separately and on October 11 had lunch with their media division. LDJ Capital is working closely with Wanda family office.

David Drake says, “Last month I secured several mandates of up to $800 million in equity with family offices for LDJ Capital multi-family office. Negotiations are ongoing for possible collaborations with Wanda Group. It has really been a very eventful year for us.”

The company is located in Beijing, China. Wanda Group owns AMC Theaters and bought Legendary Entertainment. In May 2012, Wanda Group bought AMC Theaters for $2.6 billion. The Chinese conglomerate obtained the movie theater chain’s 5,048 screens from 347 theaters in Canada and in the United States.

Legendary Entertainment was secured by Wanda Group in January this year for $3.5 billion. This deal made Wanda the very first Chinese firm to possess one of the largest Hollywood studios.

Aside from having several investments, Wanda Group also opened its first theme park early this year, that will definitely give Disney Shanghai a run for its money. With all the successful deals and investments, Wanda landed a spot on Fortune’s Global 500 list for 2016, ranking no. 385.

LDJ Capital multi-family office has been securing deal flow around the globe, through its fintech investments. The family office is also dedicated in supporting families in terms of understanding the US Market.


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