Novum Capital to acquire MMC Studios from Dubag.

Novum Capital, Frankfurt-based investment company, has agreed to acquire MMC Studios, film and TV studio operator from Dubag, an investment company. Financiak terms were not disclosed. The deal will provide new growth impulses based on the strong existing studio business. As a result, MMC strengthens its market position as a leading service provider for moving image production. In the future, existing business operations will be expanded in the field of external transmission and the production location in Cologne will be strengthened by innovative production technologies. The MMC management team will now be supported by Crosscast managing directors Jens Wolf and Hacik Kölcü. "We look forward to giving MMC, after an intensive and highly successful re-positioning, a proven growth expert who will use Crosscast to strategically develop the MMC from Day One onwards." Novum partner Beatrice Dreyfus says: "We are convinced of the stable market position and the strong management team. We look forward to supporting the company on its growth path in the new constellation. " Dr. Michael Schumann, DUBAG Partner.