Law firm advises on acquisition of iconic film studios
Squire Patton Boggs in Birmingham has advised the world’s leading media real estate and studio services organisation on its acquisition of two renowned film studios.
A joint venture of Hackman Capital Partners and its affiliate The MBS Group, and Square Mile Capital Management has bought Ardmore Studios, Bray Co Wicklow and Troy Studios, Castletroy, Co Limerick.
The partnership owns the world’s largest independent studio and media portfolio, which now includes approximately €3.6bn in media real estate assets and exclusively services over 360 sound stages within its MBS Group network of over 65 locations across 46 cities and four countries.
With the addition of Ardmore Studios and Troy Studios to its studio portfolio, the partnership further bolsters its reputation for best-in-class production facilities throughout the world’s global production hubs.
The team advising 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, recognised 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.’”
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.
