Fabrice Larue, favorite to buy Lagardère Studios

15

Sales of Lagardère Studios enter the last straight line. According to our information, after
several months of discussions

    with different buyers, Fabrice Larue would hold the rope to offer the producer of "Clem", "Polar Day" or "C in the air". The businessman, at the head of FLCP (Fabrice Larue Capital Partners), knows the sector very well since he is at the origin of Newen, the production company of "Plus belle la vie" and "Versailles",
that he sold to TF1

   for about 300 million.

Although well advanced, the sale would not yet be signed. Discussions should be held in the coming days to clarify in particular the valuation of the operation. From market source, the sale could be done at a price of around 150 million euros. The parties, they refuse to comment.

As happens regularly in this type of negotiation, the group
Lagardère, also involved in a large sale

    most of its assets in the media ("She", Gulli, Mezzo …), reviewed its initial claims that turned, originally, around 200 million. Often, the seller has a nice game to claim more than he thinks he can get in the end …

Several potential buyers have turned around the prey Lagardère Studios since the beginning of the sales process, in mid-2018.
In particular

   Mediawan ("The Red Bracelets", "Ten Percent", etc.) and Fremantle, a subsidiary of RTL ("Love is in the meadow", "France has an incredible talent" …).

The Boomerang Nugget

With Lagardère Studios, which brings together thirty or so production companies, Fabrice Larue
the hand on a big catalog

    and some nuggets abroad, especially
the Spanish Boomerang, bought in 2015

   , which produces daily fiction accounts for more than a third of total revenues. Although, overall, the company remains very focused on France, which represents about half of its turnover. Which could cool some inclinations.

"If the operation came to fruition with Fabrice Larue, it would be good news because Newen's strategy was close to that of Lagardère Studios"says a good connoisseur. "The risk however is that it sells in the future by apartment …", adds another.

Although considered by some as an "aging" brand, Lagardère Studio is nonetheless the second largest producer of French drama in terms of hourly volume, according to the ranking of "Ecran Total" on the season. The company has nevertheless seen the departure in recent months some producers of choice, faced with the uncertainty of the sale.

The group represents a turnover of 215 million and recurring recurring operating profit of 19 million in 2018. It has around 400 employees worldwide. If the sale materializes, this would be the second major operation in France within a few weeks, after the mega redemption
Dutch EndemolShine by the French Banijay.

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