CMS advises ITV Studios on the acquisition of a majority stake in Plano a Plano
CMS has advised ITV Studios on the majority acquisition of Grupo Plano a Plano, an independent film and television production company and global leader in the sector.
Plano a Plano, based in Madrid, is specialize in the production of fiction titles and serie. They also collaborate with major digital platforms for the distribution of audiovisual content.
With this operation, ITV Studios expands its portfolio and strengthens its position as a leading commercial radio and television company, consolidating its position in the Spanish market and continuing its internationalisation strategy. Also, it marks a new milestone in ITV’s strategy to expand its international content business, adding Plano a Plano to the list of production companies that have joined the group in recent years.
The transaction was led by a multidisciplinary team from CMS’s offices in the United Kingdom and Spain. Partner Paul Guite and senior associate Laura Wood (CMS UK’s Corporate/M&A practice) provided advice. CMS Albiñana & Suárez de Lezo was represented by Corporate/M&A partner Irene Miró and associate Alejandra Martín. Also participating from the Madrid office were partner María González Gordon and senior associate Ricardo Gómez-Barreda (IP & Digital Business). As well as, partner Ricardo Héctor Lorca (Tax) and lawyer Sol Cruz Conde de la Moneda (Banking & Finance). Victoria Gaskell, partner in the TMT area, participated from the London office.
