CapMan Pockets $114M In Sale Of TV Production Co.

Law360, New York (September 23, 2013, 3:54 PM EDT) -- CapMan Capital Management Ltd. will sell its ownership in television content production company Nice Entertainment Group to Modern Times Group, a Swedish entertainment broadcasting network, for $114 million, the companies announced Monday.

Modern Times says it hopes to use Nice Entertainment's content production expertise to increase its foothold in the Nordic market. As a part of the deal, Nice Entertainment will be absorbed into Modern Times subsidiary MTG Studios, a unit that focuses on content production and distribution.

“Nice Entertainment is a fantastic company and a...
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