The North Road Company Acquires Red Arrow Studios' U.S. Assets

July 6, 2022

Peter Chernin launched The North Road Company and consolidated Chernin Entertainment, Words + Pictures and the newly acquired U.S. assets of Red Arrow Studios to form a global content studio. Providence Equity Partners committed up to $500 million of equity to support expansion and Apollo (through managed affiliates) provided $300 million of debt financing; ProSiebenSat.1 sold the U.S. production business to North Road.

Buyers
The North Road Company, Providence Equity Partners, Apollo (through its managed affiliates)
Targets
Red Arrow Studios (U.S. production assets)
Sellers
ProSiebenSat.1 Media SE
Location
California, United States
Transaction Type
Buyout

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