European consolidator Asacha Media Group has acquired a majority stake in Magic of Disney’s Animal Kingdom producer Arrow International Media.
This marks the second UK-based factual group to join Asacha’s ranks following a 2021 deal for Wag Entertainment. We hear Arrow had been on the block for some time and the deal is likely to value the company in the low eight-figure range.
Under terms of the agreement, Arrow bosses Tom Brisley and Iain Pelling will remain as co-Managing Directors, while John Smithson will step back.
Brisley and Pelling will retain a minority stake in Arrow, similar to the structure of Asacha’s previous acquisitions. Brisley will become an Asacha shareholder, alongside the business’ founders and other subsidiary bosses.
Read more on deadline.com
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