Providence Equity investments in European media include Com Hem, Digiturk, Kabel Deutschland, ProSiebenSat.1 and TDC. Q4 was particularly successful for Canal Digitaal with over 40,000 news homes following the analogue switch-off of Dutch terrestrial television. “They came to us and we liked them immediately because of their people and their knowledge of the telecoms and media industries,” said Hans Wolfert, Partner in Airbridge Investments and Chairman of CanalDigitaal.Ĭanal Digitaal claimed over 700,000 DTH homes connected as per December 2006 and TV Vlaanderen now counts 30,000 subscribers. Originally an auction was envisaged, but soon Providence surfaced as the most serious candidate. Last November Airbridge hired Lehman Brothers to oversee a possible sale of the two companies. The sale needs to be approved by the Dutch competition authority NMa before completion. Airbridge Investments, which now wholly owns both companies, will keep a minority interest. Using the application, you can send data directly to the recipient, or store data in your storage and then share it with recipients. Deutsche Bank and BNP Paribas served as financial advisors to Providence and Emendo Capital advised Astorg on this transaction.Providence Equity Partners is to acquire a majority stake in Dutch and Flemish DTH operators CanalDigitaal and TV Vlaanderen. The transaction, which is expected to close in the third quarter of 2014, is subject to regulatory approval and customary closing conditions. We believe M7 is poised for continued growth and expansion under Astorg Partners' majority ownership, and we look forward to partnering with them." We are delighted to join forces with the architects of this success."Īndrew Tisdale, a Managing Director at Providence, said, "We've been fortunate to work alongside our fellow shareholders and a dedicated management team to help transform M7 into a truly pan-European diversified and growing pay TV platform by scaling and diversifying the business through both organic growth and acquisitions. M7 combines all the qualities of a performing asset: excellent track record, professional management, high growth and strong customer franchises. Joel Lacourte, Managing Partner at Astorg, said, "M7 will take Astorg Partners one step further in its Pan-European strategy. We look forward to working closely with the Astorg team as well as our current shareholders to continue on our growth trajectory in the years to come." Marco Visser, CEO of M7, stated, "This transaction demonstrates the strength of M7's business, which has undergone a significant transformation under Providence's ownership. Today, M7 serves more than three million subscribers. Since then, the company has entered a number of new markets and extended its service range via both acquisitions and organic initiatives, including launching de novo DTH satellite Pay TV platforms in Wallonia, Austria and Hungary, acquiring a number of DTH satellite TV platforms in the Czech Republic and Slovakia, as well as acquiring the broadband business Euronet/Online in the Netherlands. Providence acquired a majority stake in CDS in 2007 when the Company served approximately 750,000 subscribers through its operations in the Netherlands and Flanders. Terms of the transaction were not disclosed. will continue to be significant minority shareholders of M7. Following the close of the transaction, Providence and Airbridge Investments B.V. If you have any queries about an item, please contact RAF Brize Norton Passenger Information on 01993 895337 or read further information on Dangerous Goods Information. Luxembourg - July 28, 2014-Astorg Partners ("Astorg"), a leading independent private equity fund management company specializing in European mid-market buyouts, will acquire a majority stake in CDS Topco BV ("CDS"), a retail and wholesale supplier of Direct to Home ("DTH") satellite pay TV services known under the name of M7, from an investor group led by Providence Equity Partners ("Providence"), a global private equity firm focused on media, communications, education and information services investments. No items may be carried in your baggage that are deemed as Dangerous Goods in International Aviation Regulations. These applications can include cellular telephones, satellite receivers, pagers, radio and television transmitters, and wherever LC or LR circuits are to be.
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