Overview
Munich, October 10, 2023 – McDermott Will & Emery has advised U.S. private equity investor Great Mountain Partners on the acquisition of German SquareOne Entertainment GmbH for the newly formed Vuelta Group.
SquareOne Entertainment GmbH is a film and TV production and distribution company based in Unterfoehring near Munich, Germany.
The Vuelta Group is a pan-European company for the distribution and production of cinema and TV projects for an international audience. The group headquartered in Ireland already includes the Danish production and sales company Scanbox and the French sales company Playtime, which were also acquired with McDermott’s support. Further acquisitions in France, Italy, Spain and the Benelux are planned. All companies will continue to operate independently under the Vuelta Group brand in their respective countries.
Great Mountain Partners (GMP), based in New Haven, U.S., is a $10bb private markets investor providing its partners long-term capital solutions throughout the capital structure. The GMP team develops sector specific macro strategies to identify the potential to generate secular growth and returns. GMP then targets companies with asset-intensive balance sheets in these sectors, focusing on building platform companies in partnership with outstanding management teams. The firm currently offers asset management products in a variety of sectors including media & entertainment, infrastructure, transportation, energy and financial services.
McDermott advised GMP with international teams on the acquisition of all three founding companies of Vuelta Group.
The McDermott team advising Great Mountain Partners on the acquisition of SquareOne was led by partners David Grimes, Dr. Philipp Grenzebach and Dr. Wolfgang von Frentz and comprised partner Dr. Christian Masch as well as associates Kai Grandpierre, Sebastian Klein and Simon Apelojg.
