Krogerus acted as Finnish counsel for Modern Times Group MTG AB (publ), the international entertainment group, on its acquisition of 86.6 per cent of Nice Entertainment Group Oy. The sellers included funds managed by CapMan, the majority shareholders, as well as founders and management. The shares were acquired for a price equivalent to an enterprise value of EUR 84.4 million.
Nice is the largest independent group of TV production companies in the Nordic region. Its revenue for the twelve months ending on 30 June 2013 amounted to EUR 121.1 million.
Partner Marcus Möller led the Krogerus team. He was primarily assisted by senior associate Jan Johanson and a team that included senior associates Carola Möller and Mirja Sikander, and associates Minja Jokinen and Anna Velitski.