NextStage has just finalized, alongside two other development capital players, the sale of its entire stake in the audiovisual group TRACE to Modern Times Group (MTG). At the end of this operation, 75% of the capital of TRACE is held by the international media and entertainment group, the remainder being held by its team of entrepreneurs, led by Olivier Laouchez.
NextStage supported TRACE, whose turnover rose from € 13 million in 2011 to nearly € 30 million in 2014, which accelerated its international expansion - and in particular in Africa, a major continent where it is a leader, with an estimated market share of 55% - and has declined its brand, beyond its historical profession of editor of television channels, through innovative services, in mobile telephony, Internet, radio, social networks and events.
It is an exemplary model, “winner winner” for TRACE, as for NextStage, which achieves, through this operation, an IRR of 28% (net of costs and before collection of escrow - June 2017).
