Nazca Closes the Acquisition of Cinelux
Nazca Capital has closed the acquisition of Cinelux, the Spanish leader in rental services of lighting equipment for TV shows, series, cinema and events. David Garcia, partner and managing director of Cinelux will lean on Nazca’s expertise in growth projects, both organic and inorganic, to take advantage of the existing opportunities in the audio-visual business.
In this new stage, Cinelux plans to take advantage from the relevant opportunities of the Spanish audio-visual market: the increasing outsourcing demand from the Spanish TV chains, new technological improvements (like the replacement of traditional lighting by LED), and the strong growth demand of series contents from OTT platforms. Thus the company expects to invest in new lighting equipment, in addition to the possibility of growing through the acquisition of other companies in the lighting sector and other technical areas, to create an audio-visual group that offers an integrated service to the TV chains and production companies.
PWC and Pérez Llorca acted as advisors for Nazca and Santander Corporate & Investment Banking for the sellers.
Headquartered in Madrid and with 2 subsidiaries in Barcelona, Cinelux is the leader and a national reference player in the sector of rental of lighting equipment for television, series and cinema, with sales of 12 million of euros in 2018 and a highly qualified team. During the last years, the company has registered double digit growth, due to the increasing trend of outsourcing lighting services, as well as its ability to offer the latest and most innovative equipment with the largest lighting equipment base in the Spanish market.
Source: Nazca Capital press release