French production giant Federation Studios is exploring strategic options, including a full or partial sale, according to a Reuters report on Thursday.
According to the report, the Paris-based company has been scouting investment banks for an advisory role in recent weeks.
A source told Reuters the company could begin an auction process next year, but the report also added that current discussions may not result in concrete sale plans.
A possible deal would value the company at about 500 million euros ($535 million), it said.
Prolific French producer Pascal Breton founded Federation in 2015 and has since grown into one of Europe’s leading production groups, with pioneering shows such as The desk And Around the world in 80 days.
Montefiore Investment has agreed to invest €50 million in the company in 2021 in staggered phases to accelerate international growth.
The rest of the private company is largely owned by Breton.
The group employs around 250 people, spread across around 20 production labels in Paris, LA, Rome, London, Berlin, Cologne and Tel Aviv.
While other European production groups have slowed their M&A activity in recent months, Federation has continued to acquire companies, such as recent additions Go-N Production and Quelle Aventure!, forging alliances and entering into a pre-MIPCOM agreement with Maui Entertainment from Eric Rochent announced.
Contacted by Deadline, Federation Studios declined to comment on the report.
Source: Deadline
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