'Marseille' Producer Raises $18.4 Million With Eye on Global Growth
France's Federation Entertainment will use the cash to fund acquisitions in Europe and the U.S.
Pascal Breton's Federation Entertainment, the French production house behind Netflix's Marseille, has raised $18.4 million in funding.
With offices in Paris and Los Angeles, the five-year-old Federation is seeking to grow its international footprint with particular focus on the U.S. and English-language market, where it is eyeing potential acquisitions.
Breton's Federation is also behind Amazon Prime's The Bureau and Hulu's Find Me in Paris. Plus, the company has Ryan Engle's Ibiza and Jaume Collet Serra's Banker's Wife in the pipeline.
“We are taking a new step to strengthen the Federation’s capacity for long-term development," said Breton. "The objective is to support the organic growth of our investments in production and distribution while expanding our international presence, notably through acquisitions, in order to become one of the leading European studios, with a very active branch in the U.S.”
Breton said he is eyeing future acquisitions in such markets as Italy, Germany and the U.K.
The new round of cash comes from a group of private equity firms, led by Bpifrance, along with BNP Paribas Development, Amundi Private Equity, Alliance Entreprendre and Entrepreneur Venture.
Said Bpifrance senior investment director Nicolas Parpex: “We are delighted to stand alongside leading investors in supporting a French champion of creative industries, led by a team with unparalleled talent and experience. The funds raised, historic in their scope for a French audiovisual production company, will enable the Federation to continue its strong growth trajectory and to solidify its international reach and its position vis-a-vis different platforms.”