MMC Studios’ EUR 40 Million Credit Facility From Kartesia

Clifford Chance advised Kartesia on the deal.

Kartesia, a European specialist financing small and middle-market companies, provided a EUR 40 million credit facility for a dividend recapitalisation for the film and TV production company MMC Studios.

MMC Studios, based in Cologne, is one of the largest film and TV production facilities in Germany. The private equity fund Novum Capital Special Opportunities Fund I GmbH & Co. KG sponsored the deal. Frankfurt-based Novum Capital acquired the studio group in 2019.

The Clifford Chance private debt team advising the Kartesia funds comprised partner Steffen Schellschmidt (Picture), senior associate Adéla Hardmeyer and senior transaction lawyer Jessica Lang (all Global Financial Markets, Frankfurt).  

Involved fees earner: Adéla Hardmeyer – Clifford Chance; Jessica Lang – Clifford Chance; Steffen Schellschmidt – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Kartesia Advisor LLP;

Author: Federica Tiefenthaler