Private credit giants BlackRock HPS and Brookfield Oaktree have taken control of MBS Group, a major provider of production equipment and studio infrastructure to the entertainment industry, through a debt-for-equity restructuring that erased up to $900 million in debt. The deal also includes a fresh $40 million injection meant to stabilize the business and position it for growth. Former owners Hackman Capital Partners and Affinius Capital have been entirely ousted. Hackman Capital had acquired MBS for $650 million from Carlyle back in 2019. The restructuring reflects Hollywood’s deepening financial stress following the post-2022 production spending contraction and the 2023 writers’ and actors’ strikes.
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