The broadcasting industry in Benelux is a dynamic sector that encompasses television, radio, and digital media. Companies in this space range from large multinational corporations to local startups, creating an ecosystem rich in innovation and entertainment. This industry is driven by audience demand for high-quality content, which has led to a surge in streaming services and on-demand platforms. Operators are increasingly focusing on creating engaging digital experiences, while integration of advanced technologies like AI continues to shape broadcasting practices. As viewers shift towards personalized content consumption, the industry is poised for further evolution, pushing boundaries in storytelling and production quality.


This article explores a mix of corporate players and investment firms in the Benelux broadcasting sector. These entities, which include seasoned corporate giants and nimble private equity firms, are headquartered across Belgium, the Netherlands, and Luxembourg. Ranging from small startups to large enterprises, the investor sizes here exhibit a variety of market strategies, highlighted by their significant number of deals in 2024. As firms like CVC and Endemol Shine Group make their mark, the landscape of investment in broadcasting remains vibrant and compelling.


Top 17 Broadcasting Investors in Benelux


1. Endemol Shine Group

  • Website: banijay.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2015
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: endemolshine

Endemol Shine Group, founded in 2015 and based in Amsterdam, is a corporate investor specializing in television production and distribution. As part of Banijay Entertainment S.A., the world's largest production group, Endemol Shine Group boasts a vast portfolio that includes over 130 production labels and more than 200,000 hours of programming. The company has been involved in several significant transactions that enhance its broadcasting capabilities. Notably, Banijay's acquisition of Endemol Shine Group for approximately $2.2 billion in 2019 expanded their reach to nearly 200 production companies across 23 territories. Additionally, the acquisition of Bunim-Murray Productions, known for popular reality shows, and Mam Tor Productions, a UK drama producer, further illustrates their commitment to diversifying and strengthening their content offerings in the broadcasting space. These strategic acquisitions position Endemol Shine Group as a key player in the global broadcasting landscape.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services aimed at supporting sustainable projects across various sectors. In recent years, EIB has been active in the broadcasting and telecommunications sectors, providing significant funding to companies that play a crucial role in these industries. For instance, EIB provided $111 million in debt financing to DPG Media, a major media company, and up to €20 million to Bitmovin, a company specializing in video streaming technology. Additionally, EIB has financed Tele2 with $149 million in post-IPO debt and supported Cellnex Telecom with a €315 million agreement to expand 5G infrastructure, which is vital for modern broadcasting services. These transactions highlight EIB's commitment to supporting initiatives that enhance broadcasting capabilities and infrastructure across Europe.


3. RTL Group

  • Website: rtl.com
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 2000
  • Headcount: 10001+
  • LinkedIn: rtl-group

RTL Group is a leading media company based in Luxembourg, founded in 2000. It operates extensively in the entertainment industry, providing a diverse range of services that include television broadcasting, streaming, and advertising solutions. The company is dedicated to connecting businesses with audiences across Europe through high-quality content and innovative advertising technology. While specific transactions for 2024 are not available, RTL Group has historically been involved in various broadcasting-related activities, including the development and distribution of television content, partnerships with streaming platforms, and investments in advertising technology that enhance broadcasting capabilities.


4. Altice Group

  • Website: altice.net
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 2001
  • Headcount: 10001+
  • LinkedIn: altice-group

Altice Group, founded in 2001 and based in Luxembourg, is a telecommunications and mass media company that provides internet, TV, and phone services across Western Europe, Israel, the United States, and the Caribbean. The company has made significant strides in the broadcasting sector, notably through its acquisition of Portugal's Media Capital Group from Prisa for €440 million, which includes key media assets like the commercial channel TVI. This acquisition is aimed at enhancing their content production capabilities and digital expansion. Furthermore, Altice's investment in the French OTT startup Molotov, where they acquired a 60% stake, highlights their strategy to enhance reach and opportunities in the broadcasting space. Additionally, their involvement in funding rounds for companies like Cheddar indicates a broader interest in media and content delivery, reinforcing their position as a relevant investor in the broadcasting industry.


5. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, based in Luxembourg, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant strides in the broadcasting sector, exemplified by its acquisition of Nine Entertainment in 2007, which marked a substantial entry into the media industry. Additionally, CVC's acquisition of Hong Kong Broadband Network in 2012 and its investment in Mediaocean in 2021 further illustrate its engagement in sectors closely related to broadcasting and media, reinforcing its position as a relevant investor in this field.


6. United Group B.V.

  • Website: united.group
  • Type: Corporate
  • Headquarters: Hoofddorp, North Holland, Netherlands
  • Founded year: 2000
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: united-group-b.v.

United Group B.V. is a corporate investor based in Hoofddorp, North Holland, Netherlands, founded in 2000. The company operates as a telecommunications and media provider in Southeast Europe, offering a comprehensive range of services including television, internet, landline, and mobile telephony. United Group serves both consumers and businesses, providing essential connectivity and access to media content. The company has been actively involved in the broadcasting sector, with notable transactions such as the acquisition of NOVA Broadcasting Group on December 24, 2020, and Bulsatcom on February 27, 2024. Additionally, they acquired Telemach Hrvatska in 2019 for approximately $247 million and Optima Telekom in 2021, further solidifying their presence in the media landscape. These acquisitions demonstrate United Group's commitment to enhancing their media offerings and expanding their influence in the broadcasting industry.


7. United Media


United Media is a media company based in Luxembourg, founded in 2013, that operates extensively in Southeast Europe. The company provides a wide range of services, including television broadcasting, digital content distribution, and original content production. United Media has made strategic acquisitions to strengthen its position in the broadcasting sector, including a 50% stake in Emsa Media, a digital hub with popular portals, and the acquisition of national television channels Pink BH and Pink M, as well as TV Vijesti. These transactions reflect United Media's focus on enhancing its broadcasting capabilities and delivering quality content to its audience, catering to both consumers and businesses seeking advertising solutions.


8. Euro Media Group


Euro Media Group (EMG) is a media production company based in Charleroi, Wallonia, Belgium, founded in 1982. With a workforce of 1001-5000 employees, EMG specializes in broadcasting and digital media services, providing comprehensive solutions for live events, including outside broadcasting, post-production, and digital streaming. The company serves a diverse clientele, including sports federations and television channels, who rely on EMG for high-quality media production and innovative technology. EMG has made significant acquisitions to bolster its position in the broadcasting industry, including:1. **Broadcast RF**: Acquired on May 11, 2015, this acquisition aimed to enhance EMG's position as a worldwide leader in RF solutions, crucial for broadcasting.2. **Netco Sports**: Acquired on September 11, 2015, this company specializes in sport second screen solutions, integrating digital offerings that complement traditional broadcasting.3. **EBD**: Acquired on May 18, 2017, EBD is a major player in graphic enhancement and statistics in sports, further strengthening EMG's portfolio in the broadcasting sector.4. **Aerial Camera Systems**: Acquired on April 6, 2010, this acquisition through EMG's UK subsidiary enhances specialized camera services, vital for high-quality broadcasting production.These transactions reflect EMG's strategic focus on expanding its capabilities and services within the broadcasting industry, reinforcing its relevance as an investor in this field.


9. SES Satellites

  • Website: ses.com
  • Type: Corporate
  • Headquarters: Betzdorf, Grevenmacher, Luxembourg
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: ses

SES S.A. is a satellite telecommunications provider based in Betzdorf, Luxembourg, founded in 1985. The company specializes in a range of services, including video broadcast and data connectivity solutions, serving various sectors such as broadcasting, government, and maritime. SES operates a fleet of over 70 satellites, ensuring global coverage for its customers. Notably, SES has made significant investments in the broadcasting space, including the acquisition of RR Media for $242 million in 2016, aimed at creating a leading provider of media solutions. Additionally, SES Networks, a subsidiary focused on connectivity, has raised substantial funding, indicating a strong commitment to enhancing broadcasting capabilities through advanced technology and infrastructure.


10. Kpn

  • Website: kpn.com
  • Type: Corporate
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 1989
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: kpn

KPN is a leading telecommunications provider based in Rotterdam, South Holland, Netherlands, founded in 1989. The company offers a comprehensive range of services, including fixed and mobile telephony, internet, and television, catering to both consumers and businesses. KPN is known for its reliable network and extensive service offerings. In recent years, KPN has made several strategic acquisitions to bolster its market position. Notably, the acquisition of Solcon in 2017, which provides internet, telephony, and TV services to around 45,000 customers, aligns with KPN's strategy to enhance its broadcasting capabilities. Additionally, KPN's acquisition of Kabeltex in 2023, although details were not disclosed, further indicates its interest in expanding its service portfolio, which includes broadcasting. These transactions highlight KPN's active role in the broadcasting sector, making it a significant player in the industry.


11. DPG Media Nederland

  • Website: dpgmediagroup.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 5001-10000
  • LinkedIn: dpg-media-nl

DPG Media Nederland is a corporate investor based in Amsterdam, North Holland, Netherlands, and is part of the larger DPG Media Group, which was founded in 2009. The company specializes in publishing news and entertainment content across various platforms, including digital and traditional media. DPG Media Group operates in Belgium, the Netherlands, and Denmark, providing a comprehensive range of media solutions and advertising services to enhance brand visibility for businesses. While there are no specific transactions noted for 2024, DPG Media's core operations in media publishing and advertising suggest a significant engagement with broadcasting, making them a relevant player in the industry.


12. EVS Broadcast Equipment

  • Website: evs.com
  • Type: Corporate
  • Headquarters: Seraing, Wallonia, Belgium
  • Founded year: 1994
  • Headcount: 501-1000
  • Number of deals in 2024: 2
  • LinkedIn: evs-broadcast-equipment

EVS Broadcast Equipment SA, founded in 1994 and based in Seraing, Wallonia, Belgium, specializes in broadcast equipment and live video production solutions. The company offers a range of products, including live production servers and asset management systems, primarily serving television networks and production companies. Their technology facilitates efficient live video production and content management, addressing the industry's shift towards digital media. In 2020, EVS made a significant move by acquiring Axon Digital for EUR 10.5 million, aiming to enhance its product offerings and global presence in the live production infrastructure market. More recently, in August 2024, EVS acquired MOG Technologies, a company specializing in file-based and software-defined video solutions, further expanding its live production ecosystem and cloud-based services. These strategic acquisitions highlight EVS's active role in the broadcasting industry and its commitment to innovation and growth within this sector.


13. Millicom (Tigo)


Millicom International Cellular SA, operating under the Tigo brand, is a prominent telecommunications provider based in Luxembourg, with a strong presence in Latin America. Founded in 1992, Millicom offers a diverse range of services, including mobile and fixed-line telecommunications, broadband, cable TV, and mobile financial services. The company has made strategic acquisitions to enhance its market position, such as the acquisition of Telecable Costa Rica in 2014, which expanded its cable TV services. More recently, Millicom has consolidated its operations in Central America through significant transactions, including the acquisition of Tigo Guatemala for $2.2 billion and the complete acquisition of Tigo Panama, further solidifying its role as a leading telecommunications and broadcasting service provider in the region.


14. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm founded in 2015, based in Luxembourg, that specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe, helping them to grow and succeed in competitive markets. Notably, SGH Capital participated in the seed funding round for Haystack News, a personalized news service, which raised $1.7 million in 2015. This investment highlights their engagement in the broadcasting sector. Additionally, they were involved in the Series A funding for Tubi, a streaming service, further showcasing their interest in media and broadcasting-related ventures. Overall, SGH Capital's diverse investment portfolio includes significant transactions in the broadcasting space, indicating their relevance in this industry.


15. Mediahuis nv

  • Website: mediahuis.be
  • Type: Corporate
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 2013
  • Headcount: 1001-5000
  • LinkedIn: mediahuis-belgie

Mediahuis nv is a corporate media company based in Antwerp, Flanders, Belgium, founded in 2013. It operates across various media sectors, including publishing and broadcasting, providing a wide range of services such as newspaper and magazine publishing, online media, and broadcasting. In 2023, Mediahuis made a significant move in the broadcasting sector by acquiring RadioCorp, which owns popular radio stations like 100% NL, SLAM!, and SUNLITE. Additionally, Mediahuis has reached an agreement in principle to acquire Radio Veronica from Talpa Network, further solidifying its position in the Dutch radio market and enhancing its local advertising capabilities. This strategic acquisition highlights Mediahuis's active role in the broadcasting industry, making it a relevant player in this space.


16. Mangrove Capital Partners


Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. With a focus on empowering startups in Europe and Israel, they provide financial support and strategic guidance primarily in sectors like digital health and education tech. Notably, Mangrove has been involved in several transactions that intersect with the broadcasting industry. For instance, they invested in Nimbuzz, a platform that facilitates messaging and VoIP services, which are essential for modern communication and can play a role in broadcasting. Additionally, their participation in the Series C funding round for OpenX Technologies, which focuses on advertising technology, highlights their engagement in sectors that are integral to broadcasting, particularly in terms of monetization strategies. These transactions illustrate Mangrove's broader interest in technology that supports communication and advertising, making them a relevant player in the broadcasting investment landscape.


17. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm based in Luxembourg, founded in 1998, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg focuses on creating long-term value through a disciplined investment process and strong partnerships with entrepreneurs. Notably, Astorg has made significant investments in the broadcasting and audio sectors, including the acquisition of M7 Group SA, a company involved in broadcasting services, in July 2014. Additionally, they acquired Audiotonix, a professional-audio group that includes brands like DiGiCo, Calrec, and Allen & Heath, for approximately $254 million in February 2017. These transactions highlight Astorg's strategic interest in the broadcasting industry, alongside their broader investment strategy in healthcare, technology, and business services.



Broadcasting Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Endemol Shine GroupAmsterdam, North Holland, Netherlands5001-1000020152
European Investment Bank (EIB)Luxembourg1001-5000195899
RTL GroupLuxembourg10001+20000
Altice GroupLuxembourg10001+20010
CvcLuxembourg1001-5000200516
United Group B.V.Hoofddorp, North Holland, Netherlands10001+20001
United MediaLuxembourg1001-500020130
Euro Media GroupCharleroi, Wallonia, Belgium1001-500019820
SES SatellitesBetzdorf, Grevenmacher, Luxembourg1001-500019852
KpnRotterdam, South Holland, Netherlands10001+19892
DPG Media NederlandAmsterdam, North Holland, Netherlands5001-1000020090
EVS Broadcast EquipmentSeraing, Wallonia, Belgium501-100019942
Millicom (Tigo)Luxembourg10001+19920
SghLuxembourg1-1020153
Mediahuis nvAntwerp, Flanders, Belgium1001-500020130
Mangrove Capital PartnersLuxembourg11-5020005
AstorgLuxembourg51-20019988


Want to find more investors focusing on the broadcasting industry?

If you want to find more investors that are active in the broadcastingindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!