LongAcre Partners take interest in drama house
U.K. drama specialist Kudos, whose “Spooks” skein sold to A&E in the U.S. as “MI5,” is the latest TV production house to excite interest from buyers in Blighty’s fast-consolidating indie sector.
Corporate finance group LongAcre Partners is examining options for the combo that may involve a sale, with a pricetag of around £25 million ($45 million); a float; or a refinancing of the business.
Other indies interested in Kudos, formed in 1992 and famed for slick, fast-paced series such as “Hustle” and “Life on Mars,” are U.S-owned TWI (which recently bought Tiger Aspect), All3Media and RDF Media.
It’s not clear whether sister company Kudos Pictures, in production with the movie “Eastern Promise,” would be included in any sale.
David E. Kelley is redeveloping “Life on Mars,” a hit for BBC1 in Blighty, in the U.S.