Stella Advisors acted as financial advisors to the shareholders of Titan Television on the sale to Northern Alliance Group.
Northern Alliance Group (NAG), a pan-Nordic television production group, has acquired Swedish based Titan Group from its founders. Titan is one of the leading production companies in Sweden. NAG is jointly owned by funds managed by CapMan, the current management team and key employees. Titan's founders and key employees will also become shareholders in NAG.
"We are very excited to become part of a major Nordic television production group. Titan's program formats and customer mix complement NAG's current offering. Following the merger, we will become a significant player in the Swedish television production market with attractive cross-selling opportunities throughout the Nordic region", says Thomas Hedberg, CEO of Titan.
"Titan is a good fit with NAG and has great potential. The acquisition will improve our positioning in the important and fast-growing Swedish market. We look forward to working together with Titan to further develop NAG's business in Sweden, Norway and across the Nordic region", says Morten Aass, CEO of NAG.