Global investment firm Kkr has acquired Tele München Group, one of Germany’s largest television businesses.
The surprise deal was announced Thursday. New York-based global investor Kkr has holdings in multiple sectors, including infrastructure, energy and real estate. Tele München Group, or Tmg, is active in both production and distribution; its projects include the highly anticipated drama series “The Name of the Rose,” starring John Turturro and Rupert Everett.
The financial terms of the deal, which is expected to close in April, were not disclosed. The sale marks a major shift on the TV landscape in Europe’s biggest economy.
Philipp Freise, head of Kkr’s European Technology, Media and Telecommunications Industry team, said in a statement that the firm was “excited to partner with Tmg to create something new in the film and TV business: a platform that covers the entire value chain from film set to cinema and...
The surprise deal was announced Thursday. New York-based global investor Kkr has holdings in multiple sectors, including infrastructure, energy and real estate. Tele München Group, or Tmg, is active in both production and distribution; its projects include the highly anticipated drama series “The Name of the Rose,” starring John Turturro and Rupert Everett.
The financial terms of the deal, which is expected to close in April, were not disclosed. The sale marks a major shift on the TV landscape in Europe’s biggest economy.
Philipp Freise, head of Kkr’s European Technology, Media and Telecommunications Industry team, said in a statement that the firm was “excited to partner with Tmg to create something new in the film and TV business: a platform that covers the entire value chain from film set to cinema and...
- 2/21/2019
- by Henry Chu
- Variety Film + TV
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