Continuing its string of minority-interest buyouts, Deutsche Entertainment has acquired the remaining 50% of the Classical Company from Ringier
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The literary events production company will "further strengthen DEAG's market position in the UK," says the promoter
By IQ on 25 Oct 2021
Germany’s DEAG (Deutsche Entertainment AG) has announced the acquisition of literary events production company Fane Productions via its subsidiary Kilimanjaro.
Through the acquisition, DEAG is “successfully expanding its business activities in the UK, the company’s most important secondary market,” according to a statement from the Berlin-based live entertainment group company.
Meanwhile, Kilimanjaro acquired a stake in Collective Form in early 2021, and launched Irish promoter Singular Artists in 2020 along with DEAG.
Founded in 2017, Fane Productions has hosted sold-out live events for talent including Margaret Atwood, Malala Yousafzai and Grayson Perry. In 2020, Fane launched an online arm that has “revolutionised” the way virtual book events are delivered. The company has offices in the UK and Australia.
“After a year of exponential growth and our busiest autumn ever, it’s the perfect time to join forces”
Stuart Galbraith, CEO at Kilimanjaro Live, says: “Having known Alex for several years we are pleased to welcome Fane Productions into the Kili Group. We look forward to working with Alex for many years to come and expanding and growing the Fane family both in the UK and internationally.”
Alex Fane, MD at Fane Productions, adds: “I’m delighted to be partnering with DEAG and Kilimanjaro Live as we look to our next steps as a company. After a year of exponential growth and our busiest autumn ever, it’s the perfect time to join forces with an industry leader who understands our business and can offer us the expertise and investment we need to expand our offer within the UK and beyond.”
Jonny Geller, CEO of The Curtis Brown Group, comments: “We were all excited at Curtis Brown to launch Fane Productions into the world of literary and live events back in 2017 and many of our clients have worked happily with their team over the years. We are proud to have seen Fane grow over the years and are delighted that they have found a new home in Kilimanjaro and we wish them many more years of spreading the joy of reading throughout the country.”
Earlier this year, DEAG raised another €6 million to fund acquisitions, and says it recently enlisted the services of a “renowned American investment bank” to identify new opportunities outside its “core markets of Germany, the UK, Switzerland, Ireland and Denmark”.
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