Fremantle Completes Ascha Media Group Acquisition

19659001 Fremantle 19459004 has actually finished the acquisition of Asacha Media Group , the private-equity-backed operation that owns 8 television and movie production business throughout France, Italy and the United Kingdom. 19659002 Asacha’s subsidiaries consist of 19459007 Death in Paradise 19459008 manufacturers Red Planet Pictures; Italian scripted groups Picomedia ( Beyond the Sea , 19459007 La Storia 19459008 and Stand by Me ( 19459007 Journals ; and France’s Srab Films ( Saint Omer 19459008, Taking place 19459008 and Mintee Studios ( 19459007 Cimetiere Indien 19459008. On the non-scripted and accurate side, Asacha controls France’s Kabo Family ( 19459007 Scènes de Ménages and Wag ( 19459007 Do not Pick Up the Phone 19459008 and Arrow Media ( 19459007 See no Evil 19459008 in the U.K. 19659005 The offer sees Fremantle obtain the Asacha from the establishing partners, supervisors and funds handled by Oaktree Capital Management. Headquartered in Paris, Asacha will continue to be run by co-founder and group CEO Gaspard de Chavagnac who will report to Andrea Scrosati, Fremantle’s Group COO and CEO Continental Europe, who led the acquisition. Remaining on are Marina Williams, as Asacha CCO. 19659007 The offer is the most recent in Fremantle’s international purchasing spree, which has actually seen the very indie, owned by European broadcasting group RTL, demolish a few of the most prominent independent production business worldwide, consisting of Ireland’s Element Pictures, manufacturers of Oscar-winning function Poor Things 19659008, Italian group Lux Vide ( 19459007 Devils 19459008, and U.K.-based Dancing Ledge Productions ( The Responder 19459008, amongst numerous others. 19659009 Last month, Fremantle likewise took a 19459011 bulk stake in Singapore-based Beach House Pictures 19459004, manufacturers of Netflix’s 19459007 Mind Your Manners 19459008 and 19459007 Mr. Midnight 19459008 Together, Fremantle has actually valued the Asacha and Beach House Deals at $217 million. Lazard, Mayer Brown, Duroc partners and Arsene encouraged on the offer for Asacha Media Group 19459004 and Oaktree, with CMS encouraging fro Fremantle. THR Newsletters 19659012 Register for THR news directly to your inbox every day 19659013 Subscribe 19659014 Register Find out more 19459004