The Financial Times has successfully acquired a majority stake in TNW. TNW is a leading events and media company that focuses on new technology and the vibrant European startup scene.
Angela Mackay, FT Live Global Publisher, stated in their press release: “TNW is an established and profitable business that produces one of the largest and most critically acclaimed tech startup events in Europe. There are clear synergies between TNW and FT Live, in sharing audiences and delivering the FT’s world class journalism on live stages in Europe. We look forward to delivering first class programs with our new partners.”
Boris Veldhuijzen van Zanten, CEO at TNW, added further: “It is a huge honor to work together with a company with such a rich history, which is so well respected and well known around the world. FT has a global vision for the future, a future where business and technology audiences are converging and form the thriving force of our society. We look forward to working together in this digital-first age and combining our expertise, networks and influence.”
Sebastian Schirl, Executive Director of IEG - Investment Banking Group, said about the transaction: “We are proud to add another landmark deal to our continuous engagement in the unique Dutch tech sector. With TNW and Nikkei-owned Financial Times joining forces, IEG once more has proven its ability to identify an exceptional partner with unequalled synergetic potential, and to successfully execute a complex transaction across borders, cultures, and regulatory requirements.”
IEG - Investment Banking Group has acted as exclusive financial advisor to the shareholders of TNW during the sale process.
It was a pleasure and privilege to work with the smart, and forward-thinking team at IEG. We were not only impressed with their financial and technical knowledge but also with their personal approach and coaching. They quickly felt like a part of the team, and the trusted party you want to have on your side in a deal like this.