Three Hills Capital Solutions IV closed an investment in Madrid, Spain-based production services company TwentyFour Seven (24.7).
The transaction facilitates a management buyout and bolsters 24.7’s ability to pursue further international expansion via M&A. Building on the success of the 2022 acquisition of Smile, the company is currently advancing in two further acquisition processes.
The founders and senior management team, including Ivo Van Vollenhoven, Álvaro Weber and Gordon Mackinon, regain control of the company following a five-year investment from Spanish private equity firm Nexxus Iberia Private Equity.
Established in 2004, TwentyFour Seven is an audiovisual production services company focused on premium advertising campaigns for global blue-chip brands, such as LVMH, Nike and Adidas. The company offers high-quality production services, full production, and post-production services.
The company boasts strong international presence with boots on the ground in seven countries. Iberia serves as 24.7’s primary hub from which it covers a diversified base of global clients, with presence in Madrid, Barcelona, Palma de Mallorca and Lisbon. It is also present in Chile, Argentina, Dominican Republic, Poland and Lithuania.
FinSMEs
05/08/2024