France’s Mediawan has finalized a deal to acquire a 51% majority stake in London- and Sydney-based production company See-Saw Films.

Financial terms have not been made public, but this acquisition should buoy See-Saw by providing it with access to more financing and sales capabilities under the growing auspices of Mediawan’s conglomerate, as well as opening up more co-pro opportunities with some of the 80-plus production labels owned by the French company.

See-Saw first began fielding potential bidders last year, appointing ACF Investment Bank to investigate its options. Most active in prestige cinema (The Power of the Dog, The King’s Speech), the studio has a limited but notable presence in the kids industry as the producer of live-action teen series Heartstopper (pictured) for Netflix. The show just launched its third season in October, attracting close to 11 million views in three months, according to the streamer’s latest What We Watched engagement report.

While there’s no word yet on a fourth-season renewal, See-Saw appears to be keeping busy in the kids & family genre with another high-profile project in development—a live-action movie franchise adapting Michael Ende’s literary classic The Neverending Story (1979).

The following See-Saw senior execs will remain in their current roles post-acquisition: joint CEOs/co-founders Iain Canning and Emile Sherman; joint MDs Helen Gregory and Simon Gillis; and head of TV and film for Australia Liz Watts. They collectively oversee a team of eight EPs and more than 50 staffers across development, production, legal and business affairs, finance and marketing.

With this latest addition to its umbrella, Mediawan has further established a strong track record in the M&A space. In the past three years alone, the company has also taken a majority stake in Amsterdam’s Submarine, UK-based Wildseed Studios, Leonine Studios in Germany and Brad Pitt’s Plan B Entertainment.