Great Mountain Partners buys SquareOne to build Vuelta Group
Munich — McDermott Will & Emery has advised US private equity investor Great Mountain Partners on the acquisition of SquareOne Entertainment GmbH for the newly formed Vuelta Group. SquareOne Entertainment GmbH is a film and TV production and distribution company based in Unterföhring near Munich.
The Vuelta Group is a pan-European company for the distribution and production of cinema and TV projects for an international audience. The Irish-based group already includes the Danish production and distribution company Scanbox and the French sales company Playtime, which were also acquired with McDermott’s support. Further acquisitions are planned in France, Italy, Spain and the Benelux countries. All companies will continue to operate independently under the Vuelta Group umbrella brand in their respective countries.
Great Mountain Partners (GMP), based in New Haven, USA, is a private market investor with $10 billion in capital. The GMP team develops sector-specific macro strategies to identify the potential for long-term growth and returns. GMP focuses on companies with balance sheet intensive assets and aims to build platform companies in partnership with management teams. The company currently offers asset management products in various industries, 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 German team was led by partners Dr. Philipp Grenzebach and Dr. Wolfgang von Frentz.
Advisors Great Mountain Partners / Vuelta Group: McDermott Will & Emery, Düsseldorf
David Grimes (New York), Dr. Philipp Grenzebach , Photo ©McDermott (both Corporate/M&A), Dr. Wolfgang von Frentz, Dr. Christian Masch (both TMT, Munich); Associates: Kai Grandpierre (Cologne), Sebastian Klein (both Corporate/M&A), Simon Apelojg (IP, Munich)