Seth Rogen and director Judd Apatow
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The parent company of Montreal’s Just For Laughs comedy festival, Groupe Juste Pour Rire Inc., is set to file for bankruptcy protection.
“JPR’s board of directors, after having extensively considered all available alternatives, came to the conclusion that the financial situation of the organization left no other choice than to initiate formal restructuring proceedings,” the company said in a statement on Tuesday. Groupe Juste Pour Rire filed a notice of intention to make a proposal under Canada’s Bankruptcy and Insolvency Act.
In 2018, ICM Partners and longtime client Howie Mandel joined a consortium that included local Quebec investors to acquire the Just For Laughs comedy group by picking up the controlling stake of JFL founder Gilbert Rozon.
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