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Together Fund Invests in Caviar for European Film
7 Jan
Summary
- Together Fund made its first investment in Caviar.
- The investment supports Caviar's management buyout.
- Fund aims to strengthen independent European production.
Europe's independent film and TV production sector has received a significant boost with the Together Fund's first investment in Caviar, a leading Belgian production house. This funding facilitated a management buyout, allowing Caviar to maintain its independence following Telenet's divestment of its 70% stake.
The Together Fund, launched last April with 58 million euros, is dedicated to empowering European production companies. Caviar, co-founded in 2005 and with international credits including 'Sound Of Metal,' will see the Together Fund acquire a 45% stake, with management retaining a majority share.
This collaboration signifies a positive step for European independent production, aiming to encourage further private equity investment. Caviar anticipates doubling its revenue through internal growth and acquisitions, solidifying its position in the global market.
