HIG European Capital Partners (HIG Europe) has acquired Monal Group through its Spanish-based portfolio company Tres60 Servicios Audiovisuales.
The acquisition, which will result in the creation of an entity generating sales of nearly 100 million euros, was successfully executed by the French and Spanish offices of HIG Europe, supported by Monal Group’s management team and by its founding shareholder, Denis Auboyer.
Tres60, a leader in providing comprehensive technical services and equipment for audio-visual production, post-production and advertising, broadcasting television channels and live events, is a major player in the Spanish market. The Monal Group offers its customers recognised technical expertise in the areas of image, sound post-production, digital restoration, dubbing, sub-titling, broadcast and video and digital delivery. The Monal Group has an international presence through its Polish and Vietnamese subsidiaries and intends to pursue its international growth alongside Tres60.
The combination with Tres60 and the financial strength of its majority shareholder HIG Europe will enable the creation of a European leader in post-production and digital distribution.
“The combination with Monal is a key milestone in the development plan drawn up by the Tres60 team. It will enable the Group to achieve geographic diversification within the No1 audio-visual market in continental Europe. Furthermore, it is part of a market consolidation strategy which we intend to actively pursue,” says Jaime Bergel, Managing Director in charge of HIG Spain.
“This transaction showcases HIG’s ability to take action across Europe. Leveraging its expertise in this sector and its five European offices in Paris, Madrid, London, Hamburg and Milan, HIG Europe will be able to accelerate the international growth of the companies across its portfolio,” says Olivier Boyadjian, Managing Director in charge of HIG France.
