Kartesia to finance MMC Group
10 August 2021 | 2 min. reading time
Novum Capital has recapitalised its portfolio company MMC on 30th July 2021. The €40 million financing package for the leading German TV and film studio is provided by Kartesia via their senior lending fund Kartesia Senior Opportunities I.
Enabler for modern entertainment productions
MMC operates the Coloneum in Cologne, one of Europe’s largest and most advanced studio lots with 20 TV studios and soundstages. At the 1,700,000 ft2 Coloneum facility – the size of 25 football pitches –, producers and broadcasters find the perfect combination of location and services for productions of all kinds and sizes.
Through its excellent infrastructure, state-of-the-art production technology, highly efficient post-production, superb art department for set design and construction, and its experienced staff, the Company is the leading full-service provider for entertainment shows and series in Germany. Furthermore, MMC produces feature films with national and international stars and a wide range of company events and trade shows.
Kartesia supports further MMC growth
Novum Capital partner Beatrice Dreyfus says: "With Kartesia we have gained a respected financing partner with whom we have already worked well in the past and who will support the further growth of the MMC Group. Therefore, Kartesia is the right partner."
MMC Managing Director Jens Wolf is convinced: "With Kartesia, we have gained a strong international partner that will allow us to further expand our market position and continue to grow."
Great trust in MMC
MMC Group was advised by the London office of the investment bank Stephens. Shaun Holmes, Managing Director at Stephens, says: "We are pleased to have completed the process with Kartesia quickly and successfully." Kartesia’s head of Germany, Thomas Pöhler adds, "We are delighted to fund MMC Group, an established firm with the infrastructure and expertise to continue to increase its market share as a full-service provider for the TV and entertainment industry."