Karmijn backs Tuvalu MBO

Tuvalu's management bought out Sony's 60% stake with support from Karmijn. The company's management acquired the majority of the stake and now has majority control of the company overall. Sony acquired its stake in Tuvalu in 2008.

Tuvalu co-founder Roel Kooi will leave the business following the deal.

At the beginning of November, Karmijn co-founder and partner Cilian Jansen Verplanke spoke exclusively to unquote" about the final closing of the firm's maiden fund, Karmijn Kapitaal I, on €50m.

The fund is unique in that it invests only in companies with diverse management teams, namely teams that are at least 25% female. The firm typically provides equity tickets of €2-7.5m for deals ranging in value from €5-50m.

Company
Founded in 2006, Tuvalu is headquartered in Amsterdam with an additional office in Diegem, Belgium. The company produces television shows, drama series, documentaries and films for both local and international broadcasters such as Discovery Channel and National Geographic.

Tuvalu also creates corporate films, commercials and online video content for companies, governments and non-profit organisations.

In 2010, Dutch media producer Waterland Film became part of Tuvalu. The company opened its Belgian branch in 2011.

People
Taco Zimmerman is the managing director of Tuvalu. Désirée van Boxtel is a partner at Karmijn.

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• Topics
• Benelux
• Media
• Buyouts
• Netherlands
• Karmijn Kapitaal