Telenet sells stake in Caviar to founders and investors
Belgian telecoms group Telenet has sold its stake in Caviar, Flanders’ largest TV and film production company. The buyers are Caviar’s founders and management, with tech entrepreneur Jürgen Ingels and the French Together Fund, according to reports by De Tijd and L’Echo.
The deal is a management buy-out. Founder and CEO Bert Hamelinck and his team will now hold 55 per cent of the company. The remaining shares go to Ingels and the French fund. The value of the deal has not been made public.
Telenet first invested in Caviar four years ago and later increased its stake to 70 per cent. After Telenet’s owner, Liberty Global, took the company off the stock market in 2023, the group shifted its focus to local investments in Flanders, leaving little room for Caviar’s international ambitions.
Caviar is known for popular TV series such as Dood Spoor and Tabula Rasa and films - Sound of Metal and Rebel - in Belgium and abroad and has offices across Europe and in the US. Hamelinck said the company needed to grow in size to compete with global streaming platforms and large media groups, adding that the new ownership structure would allow Caviar to pursue that goal independently.
#FlandersNewsService | Caviar CEO Bert Hamelinck © BELGA PHOTO DIRK WAEM
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