BERLIN — Luxembourg investment fund Pacific Capital Sarl has acquired a 29.9% share in producer-distrib Senator Entertainment.
Senator chief exec Helge Sasse said the fund, headed by Italian investor Silvio Scaglia, would boost the Berlin-based company’s prospects.
“I’m very happy to welcome our new major shareholder Pacific Capital since Silvio Scaglia knows the media business and is well-known as a reliable investor who can provide a firm with long-term stability and potential for healthy growth.”
Pacific Capital looks for investment opportunities worldwide in both the public and private sectors.
Scaglia founded Italy’s second-largest telecom firm Fastweb in 1999, serving as its majority shareholder until 2007, when he sold it to Swisscom for Euros3.1 billion ($3.9 billion). He launched Pacific Capital the same year. Prior to Fastweb, Scaglia was CEO of wireless outfit Omnitel, now Vodafone Italy.
With its powerful new backer, Senator is sure to build on a stellar 2012 performance. The company became the leading independent distrib in Germany this year thanks to the stratospheric success of French comedy “The Intouchables,” which made $76.6 million at the box office in Germany. With its 10.6% market share, Senator ranked fourth behind Fox, Universal, Sony and Warner — and ahead of Disney and Paramount — between January and August.
Its upcoming releases include Frank Langella starrer “Robot & Frank”; Anton Corbijn’s John le Carre adaptation, “A Most Wanted Man,” with Philip Seymour Hoffman and Rachel McAdams; and “Happiness Never Comes Alone,” starring Sophie Marceau.
Senator more than doubled its revenue in the first half of 2012 to $34.4 million, achieving a net profit of $6 million.
The distrib has an output deal with Relativity Media in Germany and is in negotiations with the group to handle international sales for Relativity titles.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!