And... action! Novum Capital intensifies internationalisation of Media Fund
02 August 2023 | 2 min. reading time
Novum Capital, a Frankfurt-based private equity company, is intensifying the expansion and internationalisation strategy of its Media Fund. This fund is the parent company of Medien Beteiligungsgesellschaft mbH which, in turn, is the owner of MMC Studios Köln GmbH. MMC is one of Europe's largest TV and film studio operators; moreover, the company is also involved in cinematographic productions. Its headquarters “Coloneum” in the German city of Cologne is well-known to the general public.
Focus on international buy & build
Jens Wolf, previous managing director of MMC Studios Köln GmbH, will focus on the management of Medien Beteiligungsgesellschaft mbH from 1 August 2023 to intensify the buy & build strategy of the Media Fund and Medien Beteiligungsgesellschaft mbH. Hacik Kölcü, his previous co-managing director at MMC Studios Köln GmbH, will also resign from this position and act as a consultant henceforth. Beatrice Dreyfus, partner of Novum Capital, says: “We would like to thank Hacik Kölcü most warmly for his successful years at MMC and are pleased that he will remain with us.” Hacik Kölcü and Jens Wolf will remain co-shareholders of MMC Group.
Nico Roden to assume management of MMC Studios
Nico Roden will take over as the new managing director of MMC Studios Köln GmbH with effect from 1 August 2023. Felix Hölzer, partner of Novum Capital, says: “Nico has been contributing to the success of MMC Studios for more than 20 years in various management positions. He is highly familiar with the company as well as the entertainment market. He will also be an excellent managing director for MMC.” Nico Roden will also assume the management of Magic Eye GmbH. This subsidiary of MMC is a full-service provider for image and advertising films, also offering post-production services for fictional productions and TV shows.
Nico Roden started his career at MMC in the technical department, then worked in project management and later in purchasing. Since 2015, he has been heading the production and sales departments. Under his leadership, MMC has developed numerous long-term partnerships, among other things.
“I am highly motivated to lead MMC into a successful future and very excited about this task,” he says.
“In doing so, my aspiration will remain the same: To meet customer needs in a budget-oriented, efficient, and top quality way – and in the future also at international level.”
Cover all stages of the value chain
The expansion or internationalisation is part of the growth strategy of MMC Group, or rather of Medien Beteiligungsgesellschaft mbH and the Media Fund. MMC and future portfolio companies shall play an active role in consolidating the film and television market and build an international production platform. At large, the portfolio companies are to cover all stages of the value chain of international film productions. The focus of M&A is therefore on technology-driven services for film production, financing, and distribution in Germany, Europe, and the U.S.
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