Antares backs Chili

The management will hold a 43.2% stake with parent company Fastweb retaining 41.4% of the firm.

Chili will direct the fresh capital towards the expansion of its services offering across Italy.

Antares is in the process of raising its maiden fund, which has a €50m target and has so far attracted €15m. Average investments will be €5-20m in companies with a turnover of €10-100m.

Company
Chili span out of Italian broadband telecommunications company Fastweb in 2011. The company provides a platform for film streaming to its subscribed users. Films can be rented or bought via the platform and streamed onto computers and tablets.

People
Stefano Romiti is chief executive of Antares.

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• Topics
• Southern Europe
• Media
• Expansion
• Italy