Federation Studios Mulling Strategic Options Including Partial Or Full Sale – Reuters Report
deadline.comFrench production powerhouse Federation Studios is investigating strategic options that could include its full or partial sale, according to a Reuters news agency report on Thursday.
The report said that the Paris-based company been auditioning investment banks for an advisor role in recent weeks. One source told Reuters that the company could begin an auction process next year, but the report also added that the current talks might not lead to any concrete sale plans.
A potential deal would see the company valued at around 500 million euros ($535m), it added. Prolific French producer Pascal Breton launched Federation in 2015 and it has since grown into one of Europe’s leading production groups, with landmark shows including The Bureau and Around The World In 80 Days.
Montefiore Investment agreed to put €50m into the company in staggered phases in 2021, to accelerate its international grow.
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