Kkr Continues German Buying Spree With ‘Never Look Away’ & ‘The Lives Of Others’ Producer Wiedemann & Berg

  • Deadline
New York-based private equity group Kkr has continued its remarkable German buying spree with the acquisition of leading local film producer Wiedemann & Berg, whose films include 2019 Oscar nominee Never Look Away and Oscar winner The Lives Of Others.

The pact marks the fourth German media company acquisition by Kkr, which recently bought distributors Tele-Munchen Group and Universum as well as TV company i&u TV, and consolidates its position as a potent new player in the local market.

Wiedemann & Berg founders Max Wiedemann and Quirin Berg will remain on board as managing directors and join the new media group as head of its feature film production division. The firm’s TV arm, W&B Television, a Jv with EndemolShine, will continue to run in parallel.

Fred Kogel, CEO of the new, as-yet-unnamed media group, said the latest acquisition marks the end of a first wave of consolidation, “Our dream team is complete!
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