A joint venture of Hackman Capital Partners and its affiliate The MBS Group, and Square Mile Capital Management, has acquired two renowned film and television studios in Ireland – Ardmore Studios, Bray Co Wicklow and Troy Studios, Castletroy, Co Limerick.
Squire Patton Boggs advised on this acquisition which has helped bolster the world’s largest independent studio and media portfolio. The partnership now includes around $4.3 Billion in media real estate assets and exclusively services over 360 sound stages within its MBS Group network of more than 65 locations across 46 cities and four countries.
The team at Squire Patton Boggs that advised on the deal was led by partner and Birmingham head of Corporate Geoff Perry and Corporate associate Leyla Parvizi, Financial Services partner Roy Grist and Real Estate partner Nick Green.
Perry said: “We are delighted to have advised our client on the expansion of its portfolio with the acquisition of two iconic studios in Ireland, recognized as a world-class production destination for international film and high-end TV production. Recent productions at the studios include Netflix’s ‘The Winx Saga’ and Apple TV’s upcoming sci-fi series ‘Foundation.'”
This is just the latest collaboration between the corporate law firm and Hackman Capital Partners, though. The firm has advised Hackman Capital Partners, The MBS Group and Square Mile Capital on a number of significant transactions, notably on its agreement with Barking and Dagenham Council to build London’s largest film and TV production centre in Dagenham at the end of last year.
Hackman Capital Partners is a privately held real estate investment and operating company that focuses on buying, renovating and re-imaging vintage commercial, industrial, and studio properties. With approximately 2,000 employees and studio staff, Hackman Capital Partners and its affiliate, The MBS Group, partnering with Square Mile Capital, operate the world’s largest studio and media platform, acquiring and servicing premiere studio and media facilities and related real estate opportunities in the top production markets around the world.
That their latest investment is in Ireland comes as no surprise. The Irish content production industry has become increasingly prestigious in recent years. Screen Ireland, the State’s film, TV and animated production agency, reported on 15 July 2021 that this year is on track to beat the previous production contribution record of €358m reached before the pandemic in 2019.
Founder Dinis Guarda
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