M&A Deal Summary

Novum Capital and Kartesia Acquire MMC Studios

On June 27, 2019, private equity firm Novum Capital and lender Kartesia acquired media company MMC Studios from DUBAG Group

Acquisition Highlights
  • This is Novum Capital’s 1st and Kartesia’s 1st transaction in the Media sector.
  • This is Novum Capital’s 7th and Kartesia’s 2nd transaction in Germany.

M&A Deal Summary
Date 2019-06-27
Target MMC Studios
Sector Media
Buyer(s) Novum Capital
Kartesia
Sellers(s) DUBAG Group
Deal Type Secondary Buyout

Target

MMC Studios

Cologne, Germany
MMC Studios is a full-service TV and film production provider and operator of film studio complexes. MMC Studios was founded in 1991 and is based in Cologne, Germany.

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Buyer(S) 2

Buyer

Novum Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 300M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Novum Capital is a private equity firm focused on investing in profitable small and medium-sized businesses across Germany, Austria, and Switzerland. The Firm invests equity and debt capital to support buyouts of companies with revenue up to €200 million and EBITDA of at least €5 million. Novum typically commits up to €150 million per transaction. Novum avoids companies with low barriers to entry, high customer concentration, high cyclicality, or operating in biotechnology and real estate. Novum Capital was founded in 2006 and is headquartered in Frankfurt, Germany.

DEAL STATS #
Overall 7 of 9
Sector (Media) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Germany) 7 of 7
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Schluckwerder

Adendorf, Germany

Schluckwerder is a manufacturer of marzipan, nougat, and chocolate specialties for the German retail industry. Rich in tradition, Lübeck-based marzipan manufacturer Erasmi & Carstens from 1845 also belongs to the group. Schluckwerder’s products are part of the core assortment in retail chains such as Lidl, Aldi, Penny, and Netto. The company has more than 550 employees and sells its confectionery products in 44 countries. Schluckwerder was formed in 1956 and production facilities are located in the North German towns of Adendorf and Lübeck.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 VulkaTec

Kretz, Germany

VulkaTec is a developer and producer of volcanic vegetation substrates and industrial products. VulkaTec has developed 30 years of experience in the processing of volcanic raw materials and over 150 high-quality plant substrate formulations. VulkaTec was founded in 1986 and is based in Kretz, Germany.

Sell -
Buyer

Kartesia

Investor Investor Investor Investor Investor

Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.

DEAL STATS #
Overall 8 of 30
Sector (Media) 1 of 2
Type (Secondary Buyout) 3 of 12
Country (Germany) 2 of 7
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 InvenioLSI

Reading, United Kingdom

InvenioLSI is a provider of consulting services and technology solutions for organizations in the media, manufacturing & logistics, and public sector verticals. InvenioLSI was founded in 2006 and is based in Reading, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Ermitage

Maisons-Laffitte, France

Ermitage is a bilingual school located 20km west of Paris. Its students represent over 70 nationalities. Ermitage was founded in 1941 and is based in Maisons-Laffitte, France.

Buy -

Seller(S) 1

SELLER

DUBAG Group

Investor Investor Investor Investor

Category Distressed Investor
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

DUBAG Deutsche Unternehmensbeteili-gungen AG is a private equity investor and advisory firm focused on investment opportunities throughout German-speaking Europe. DUBAG targets turnaround situations including corporate carve-outs, unsolved success plans, and bankruptcies. DUBAG is based in Munich, Germany.

DEAL STATS #
Overall 2 of 3
Sector (Media) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Germany) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Winning CoFo

Dietenheim, Germany

Winning CoFo produces precision turned and cold extruded parts. The highest quality and know-how from the development of the manufacturing process to ready-to-install precision turning and cold extrusion as well as the assembly of mechanical components. Winning CoFo was founded in 1902 and is based in Dietenheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Spica

Castiglione Olona, Italy

Spica is a manufacturer of highly sophisticated and innovative materials for the plastic card market, offering the right product for your needs thanks to our rigorous requirements regarding quality, specifications and reliability of supply. Spica is based in Castiglione Olona, Italy.

Buy -
Mergr

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