23/12/2019

Press Release

NEXXUS IBERIA ANNOUNCES THAT NEXXUS IBERIA PRIVATE EQUITY FUND I, FCR COMPLETED ITS THIRD INVESTMENT IN TWENTYFOUR SEVEN.

Nexxus Iberia announces that Nexxus Iberia Private Equity Fund I, FCR completed its third investment in TwentyFour Seven.

Founded in 2004, 24.7 is the leading company in Spain dedicated to the production of spots for advertising campaigns for international brands. The Company offers a global coordination service for audio-visual productions, including the identification and management of locations, the selection of talent and the physical recording of the scenes. It has the most extensive network of offices in Iberia, with presence in Madrid, Barcelona, Palma de Mallorca and Lisbon, which allows to offer its clients a differential local knowledge and greater agility in their services.

24.7 is positioned as the servicer of reference for international producers, advertising agencies and brands that see in Spain a perfect destination for the production of their campaigns. Today, 100% of the Company’s clients are international, with the United States, Great Britain, France and Germany being the main markets. Additionally, during the year 2019 24.7 has launched its second international office in Poland by creating a Joint Venture with Radioaktive Films, based in Kiev and also a leader of the region. 24.7 is the pioneer in Spain to expand operations to Eastern Europe, a market with growing popularity in the production services industry.

From Nexxus Iberia, we fully trust the potential of 24.7. The Company has a very attractive positioning to benefit from the increase of audio-visual consumption in the advertising industry as a main communication tool, both in offline and online platforms.

Alejandro Diazayas, partner of Nexxus Iberia commented: «24.7 is a good example of the company that we seek to invest in, with a clear international angle and a top-level management team. Since day one, we have been impressed with the professionalism and ambition of the entire team. Its track record to date is extraordinary, having positioned the Company as the leading brand in Iberia. We hope that, together with Nexxus, we can continue building a leading group in the international production services industry “.

Ivo Van Vollenhoven, co-founder and President of 24.7, commented: «Our partnership with Nexxus Iberia is another step in our vision to continue growing and strengthening 24.7. We are excited about this new stage, in which we believe that the previous investment experience and internationalization of companies of Nexxus’ team can be differential».

Gloria Ochoa, co-founder of The Company, explained: “We are proud, and with extra motivation, of completing this transaction with Nexxus Iberia. We are convinced that they will help us to continue improving the management and professionalization of the group, with the only objective of continue serving our clients with the best quality possible».

EY has been the principal advisor of the transaction to Nexxus Iberia (due diligence and legal advice). Auren acted as advisor of The Company.

Nexxus Iberia is a private equity fund manager founded in 2016 to support Spanish and Portuguese small to midsized companies to accelerate growth and expand internationally in Europe and LatAm via Mexico. The team is led by two ex-3i partners and Nexxus Capital’s partners who have over 20 years’ experience in the private equity industry in Spain and Mexico. Including FGC, the team has completed 23 investments and has fully divested from 20 portfolio companies in the Spanish and Portuguese midmarket.

Nexxus Iberia has partnered with Nexxus Capital, one of the largest independent alternative asset managers in Mexico, which has raised five funds with aggregate capital commitments of over US$1.5 billion. Nexxus Iberia’s goal is to grow portfolio companies internationally including to Mexico and LatAm leveraging on Nexxus Capital’s extensive knowledge of the Mexican market, and its sector expertise developed over 25 investments and 12 divestments since 1995.

Today, Nexxus Iberia Private Equity Fund I, FCR has commitments of 170 million euros. The Fund will make between 8 and 10 majority or minority investments in Spanish and Portuguese SMEs, which are generally family businesses and / or run by entrepreneurs. This last operation joins the two previous transactions completed in 2018, OFG and W Clinics.

The vision of Nexxus Iberia is to be the reference partner for SMEs businessmen in the Iberian market who are looking for a shareholder that can support them in the internationally growth of their companies and more specifically in LatAm

Nuevos informes y series de datos: El Capital riesgo Informal en España 2019 /  Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa

Otros informes destacados: Madurez del Venture Capital en España. Hechos relevantes y detalle de más de 60 casos de éxito desde los años 90 hasta la actualidad… Also in english / Financiación de startups de Energía en España / El Préstamo Participativo como herramienta para el arranque de empresas en España / El tiempo de las desinversiones en Private Equity en España (Also in english)

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