US financial investor KKR continues its acquisition course in the German production industry.
Following Tele München Group, Universum Film and i&u TV, KKR, in conjunction with Atwater Capital, has agreed to take over Wiedemann & Berg Film (‘The Lives of Others’) from its founders Max Wiedemann (pictured left) and Quirin Berg (pictured right). Financial details have not been disclosed.
Wiedemann and Berg will take up the management of the cinema production unit of the new German production company created by KKR under the leadership of Fred Kogel.
Wiedemann & Berg Television, a joint venture Wiedemann and Berg operate with EndemolShine, is not part of the transaction and will remain independent.