HG Europe's Tres60 bolts on Monal

The acquisition will create a group that enjoys a greater share of the European and international post-production and digital distribution markets, according to the GP.

The private equity firm stated the consolidated group would have revenues of approximately €100m following completion of the deal. HIG intends to continue its consolidation of the post-production market following the acquisition of Monal.

The transaction was managed by HIG's French and Spanish offices.

Previous funding
HIG acquired a 49.99% stake in Tres60's parent company Vértice 360 Servicios Audiovisuales for €16m in October 2012. The deal was the first to be completed by HIG from its Madrid office.

Company
Founded in 1986 and headquartered in Malakoff, near Paris, Monal provides audiovisual production services including image and sound post-production, digital restoration, dubbing, sub-titling, broadcast and video and digital delivery.

The company operates under the Digimage, CMC, LVT, RGB Monal systems and Mediadub International brands in France. It has additional operations in Mexico, Bulgaria and Poland.

People
Jaime Bergel is managing director of HIG Spain. Olivier Boyadjian is managing director of HIG France.

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• Topics
• Expansion
• Southern Europe
• France
• Media
• Spain
• France
• HIG Europe