Hackman bought the 22-acre Manhattan Beach Studios complex as well as a production business active across the country.
There’s no doubt about it now: Hackman Capital Partners is committing big to the production studio business.
The Westside-based firm has purchased the Manhattan Beach Studios complex - as well as the studios production services platform MBS Group – from Carlyle Group for $650 million.
Manhattan Beach Studios is the third media production property that Hackman has bought since 2014, when it purchased the Culver Studios complex in Culver City for $85 million.
Hackman CEO Michael Hackman told The Real Deal in January that he planned to operate the studio long-term.
Hackman told the L.A. Times that acquiring MBS Group “Was the next logical step for us in growing our studio platform” because of the operational demands of running studios.
Manhattan Beach Studios itself was built in 1999 by a private investment entity tied to Roy E. Disney’s family but was later purchased by Oaktree Capital.