Frankfurt-based investment company Novum Capital has acquired the facility in Cologne, one of Germany’s biggest film and TV studios, from Luxembourg private equity fund Lenbach Equity Opportunities I. The transaction was announced Wednesday, a day after its completion. Novum plans to merge Mmc with its subsidiary Crosscast, a production company specializing in live broadcasts.
While Mmc remains a leading studio and financing partner for film producers, it also boasts increasing TV business, with hit shows such as Rtl’s “Let’s Dance” and ProSieben’s “The Masked Singer,” which are both broadcast live from the studio. The company saw 60% growth in show productions last year, from 190 to 320, of which 37 were broadcast live.
“The merger will provide new growth impulses based on the strong existing studio business,