Clearwater has advised Federation Entertainment group on raising a new debt to refinance its existing debts in order to adjust its cost of capital while freeing up significant resources to support its growth.
Founded in 2013 by its CEO and majority shareholder Pascal Breton, Federation Entertainment is a global player positioned in the creation, production, financing and distribution of high-quality original productions to meet strong demand from broadcasters worldwide. As a leading independent producer, the group is the first to have worked with Netflix, Hulu and Amazon in Europe.
The group is based on a unique model of talent federation through independent studios specialised in drama, fiction and youth content.
The operation takes the form of a bond debt provided by Zencap Asset Management, a French alternative investment fund manager, for a total amount of €30.8m. This new financing structure integrates CapEx lines to support the group's growth strategy in the coming years.
