Shard Capital Takes Stake in Germany's Senator

The private equity group takes over Pacific Capital's shares in the Berlin-based producer/distributor, buying a 29.89 per cent stake.

Shard Capital Management has acquired just under a third of the shares in German producer/distributor Senator Entertainment, taking over the stake previously held by Luxembourg private equity group Pacific Capital.

Shard Capital will hold 29.89 per cent of the voting rights in Senator.

The Berlin-based film group recently issued a profit warning, lowering their year-end revenue target following disappointing box office returns for their recent theatrical slate.