Rothschild investment fund Winch Capital 3 has bought a 49% stake in French video compression specialists Thomson Video Networks for an undisclosed sum.
The group reportedly generates sales of around US$100m through selling compression and transcoding…
Rothschild investment fund Winch Capital 3 has bought a 49% stake in French video compression specialists Thomson Video Networks for an undisclosed sum.
The group reportedly generates sales of around US$100m through selling compression and transcoding solutions across networks including satellite, terrestrial, IPTV, cable and OTT.
Winch bought the stake off French capital development fund FCDE, which acquired Thomson Video Networks after it was spun off from local audiovisual group Technicolor in 2011.
The group said it was chosen to succeed FCDE after a competitive process run by DC Advisory, adding that it has been joined by venture capitalists CM-CIC Private Debt while the target’s executive team has also taken a stake.
“This investment in Thomson Video Networks fully embodies our new Winch Capital 3 fund strategy: to invest in an international, midsized company with an executive team that has increased its equity stake to roll out an ambitious development project with identified external growth opportunities,” said Sylvain Charignon, a partner at Edmond de Rothschild Investment Partners.
Christophe Delahousse, CEO of Thomson Video Networks, added: “We are now fully equipped to accelerate growth and deploy our new ‘behind every screen’ strategic approach, combining on-premises and cloud-based resources to help operators preserve video quality and control cost of ownership for broadcast and multi-screen services.”
