People/Biz

Newen buys majority stake in Tuvalu Media Group

France-based Newen has acquired a majority stake in Dutch indie TV producer Tuvalu Media Group. The deal was struck with long-time shareholders Taco Zimmerman, Duurt Holman and Douwe van der Werf and ...
February 7, 2017

France-based Newen has acquired a majority stake in Dutch indie TV producer Tuvalu Media Group. The deal was struck with long-time shareholders Taco Zimmerman, Duurt Holman and Douwe van der Werf and the private equity firm Karmijn Kapitaal.

Zimmerman, CEO of Tuvalu Media Group (pictured), and van der Werf will retain a minority equity stake and will continue to manage the company.

The acquisition of Tuvalu is in keeping with Newen’s strategy, along with the support of French media holding company TF1 Group, to be a European player in audiovisual content production and distribution, with a presence in key media markets.

Tuvalu is a full-service production house creating cross-media content as well as bringing international formats to the Dutch space.

The new partnership will strengthen the position of Tuvalu, both in our domestic market as internationally. We expect with Newen to boost Tuvalu as an international, creative content hub: both on the format as on the scripted market. It will grow our international network, will offer us a direct outlet in France and give the ability to invest more in creating new IP. We are both very much on the ball and have big ambitions for the future,” said Zimmerman, CEO of Tuvalu Media Group, in a statement. 

Nielen Schuman of Ernst & Young and De Breij Evers Boon acted as advisors to Tuvalu Media Group and Deloitte and Hogan Lovells for Newen on the transaction.

The new partnership will strengthen the position of Tuvalu, both in our domestic market as internationally. We expect with Newen to boost Tuvalu as an international, creative content hub: both on the format as on the scripted market. It will grow our international network, will offer us a direct outlet in France and give the ability to invest more in creating new IP. We are both very much on the ball and have big ambitions for the future,” said Zimmerman in a statement. 

 

 

 

 

 

 

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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