Fremantle has completed its acquisition of global production studio Asacha Media Group and its portfolio of labels based in France, Italy and the UK.
The deal sees Fremantle acquire the group from Asacha’s founding partners, managers and funds managed by Oaktree Capital Management.
Fremantle announced it had entered a conditional purchase agreement to buy Asacha in February.
Asacha is made up of eight labels across scripted, unscripted and feature films: Kabo Family, Mintee and Srab Films in France; Picomedia and Stand By Me in Italy; and Arrow Media, Red Planet Pictures, and Wag in the UK.
The acquisition of Asacha was spearheaded by Andrea Scrosati, Fremantle’s Group COO and CEO of Continental Europe.
Headquartered in Paris, Asacha will continue to be run by Co-Founder and Group CEO Gaspard de Chavagnac who will report to Scrosati. Gaspard de Chavagnac will continue to be supported by Marina Williams, as Chief Content Officer of Asacha.
Asacha labels produce content including BBC One’s Death in Paradise and Beyond Paradise (Red Planet Pictures); Rai 1’s Mare Fuori and La Storia (Picomedia); feature film Saint Omer (Srab Films) and Discovery ID’s See No Evil (Arrow Media).
Fremantle’s existing businesses in the regions in which Asacha operates includes Talkback, Thames, Naked, Label 1, Euston Films, Dancing Ledge Productions, Wildstar Films and 72 Films (UK); Fremantle France, Kwaï (France) and Fremantle Italy, The Apartment Pictures, Wildside and Lux Vide (Italy).
Scrosati said: “With the completion of the acquisition, we look forward to working closely with Gaspard, Marina and all of the label MD’s and talent to achieve bigger things together within our new group.”
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