Canal+, a subsidiary of the French listed media company Vivendi has signed an agreement to acquire M7 Group from private equity firm Astorg for US$1.12 billion.
Headquartered in Luxembourg, the M7 Group is one of the largest pay TV operators in Europe and sells hybrid satellite / OTT Pay TV packages to 3 million homes, through six different brands across seven countries in Europe. M7 also operates an internet and telephony provider in the Netherlands called Online.nl. M7 is a leading DTH satellite Pay TV operator in the Benelux region as well as in the Czech Republic and Slovakia.
Since 2014, M7 Group’s majority shareholder is Astorg, a leading European private equity firm which has backed since its entry the ambitious development plan of the M7 management team through organic and inorganic initiatives.