Three Hills, a provider of “preferred capital” to the European middle market, has closed its investment in audiovisual production services company TwentyFour Seven Group, which will facilitate a management buyout and further international expansion via M&A.
This marks the eighth transaction in Three Hills Capital Solutions IV, which closed in 2022 at its hard cap of just over €1bn, and follows a five-year investment from Spanish private equity firm Nexxus Iberia.
Earlier this year, Three Hills closed an investment in agricultural technology provider Hispatec.
Established in 2004 and headquartered in Madrid, TwentyFour Seven focuses on advertising campaigns for brands including LVMH, Nike and Adidas, operating within the €2.8bn production services market.
Pablo Vélez, Partner at Three Hills, commented: “TwentyFour Seven has cemented its reputation as a category leader with remarkable execution and talent. This next phase of growth, marked by continued innovation in its services offering and international expansion, will be amplified by a committed management team regaining control of their business. We are proud to be able to support TwentyFour Seven and its team on the road ahead.”
