TPG Real Estate Partners has acquired the studio campuses of Cinespace Studios in Chicago and Toronto — combined the second largest independent sound stage platform in North America — as the buying, selling and building of sound stages continues at a fast clip.
It’s the firm’s second major deal in the space in as many months after agreeing in late September to acquire a large stake in Germany’s Studio Babelsberg.Financial terms of the latest transaction were not disclosed but sources close to the deal pegged it at around $1.1 billion.Eoin Egan, former head of production services at Netflix, will join Cinespace as COO.Founded by the Mirkopoulos family in Toronto together with the Pissios family in Chicago, Cinespace specializes in the
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