TMT

The fast-moving technology, media and telecommunications (TMT) sector has consistently produced attractive acquisition opportunities that meet Cinven's investment criteria of market leadership, cash generation and growth.

The sector is affected by structural and cyclical changes that create opportunities for private equity investment. In broadcast media, the proliferation of television and radio channels has reshaped the landscape and has caused the stable audiences of the analogue age to fragment. In telecommunications, the main driver of change is the convergence of telephony, television and the internet. In printed media, revenues have stagnated and there is competition from the internet for both 'eyeballs' and advertising. 

Cinven has a 20-year history of involvement in the TMT sector, with a number of landmark transactions to our credit. We have successfully invested in consumer publishing, B2B media, academic publishing, cable and satellite (see table); and we have long-standing relationships with the most important entrepreneurs and managers in the sector. In this rapidly changing environment, our sector team's experience, knowledge and industry network will continue to generate exciting TMT investment opportunities.

Selected investments

Name Activity Country
Allegro E-commerce Poland
Aprovia B2B magazines and exhibitions France
Eutelsat Satellite operator France
HEG Hosting and domain services UK, Germany
IPC Consumer magazines UK
MediMedia Healthcare publisher France
Newsquest Local newspapers UK
Northgate Public Services Software outsourcing and IT services UK
Numericable Group Cable operator France
Springer Academic publishing Germany, Netherlands
Ufinet Fibre operator Spain
Visma Business services software Norway, Europe
Ziggo Cable operator Netherlands
TMT
David Barker
David leads the TMT sector team. He has been involved in numerous transactions, including Allegro, Aprovia, CPA Global, Eutelsat, HEG, MediMedia, Northgate Public Services, Springer, Ufinet, Visma and Ziggo.
Nicolas Paulmier
Nicolas is Head of the Paris office and is a member of the Business Services, Healthcare and TMT sector teams and the regional team for France. He has been involved in a number of transactions, including Aprovia, CHRYSO, Frans Bonhomme, Générale de Santé, Numericable Group, Prezioso and Sebia.
Chris Good
Chris is a member of the TMT sector team. He has been involved in a number of investments, including Amadeus, CPA Global, Hotelbeds, Northgate Public Services, Springer and Visma.
Thomas Railhac
Thomas is a member of the TMT sector team and the regional team for France. He has been involved in a number of transactions, including Allegro, HEG, Numericable Group and Ufinet.
Florian Luther
Florian is a member of the TMT sector team and the regional team for Germany and Central Europe. He has worked on a number of transactions, including HEG, JOST and SLV.
Michael Korzinstone
Michael is a member of the TMT sector team and the Americas regional team. Prior to joining Cinven, Michael was with Silver Lake for 10 years, identifying, evaluating, and executing investment opportunities across the technology and technology-enabled sectors.
Adam Prindis
Adam is a member of the TMT sector team and the UK and Ireland regional team. He has been involved in a number of transactions, including Northgate Public Services, Ufinet and Visma.
Channelle Wallace
Channelle is a member of the TMT sector team. She has been involved in a number of transactions, including Allegro and Kurt Geiger.
Jan Schönfeld
Jan is a member of the TMT sector team and the regional team for Germany and Central Europe. He has been involved in a number of transactions, including HEG, JOST and STADA.