Founded in 1996 by Bert Hamelinck, Mathias Coppens, and Michael Sagol, Caviar TV is an audiovisual group present in seven countries across Europe as well as the United States. It operates across film and series production, unscripted programming, and communications.
Caviar notably produced Sound of Metal, a Belgium-produced film that won two Oscars, and created series including Clan, later adapted by Apple TV+ under the title Bad Sisters.
The group has experienced strong growth since its inception, initially backed by a publishing shareholder and, after a period of independence, by the telecommunications group Telenet. Caviar is one of the few companies in Europe (and notably in Belgium) to generate more than €200m in revenue.
Despite a challenging economic environment in 2023 and 2024 for the sector—particularly in the United States, with the historic writers’ and then actors’ strikes—the group has rebounded and is showing very strong prospects for the years ahead.
Context of the deal
The transaction took place as shareholder Telenet sought to divest its subsidiary, following a strategic shift by its parent company, Liberty Global. As part of the deal, the three founders reinvested heavily in the spin-off to regain their independence and also opened the capital to around fifteen managers within the group.
This new chapter in Caviar’s history helps ensure the long-term sustainability of a strong corporate culture.
Key figures
+ 200 €m Rev.
1 film awarded by Oscar
7 countries in
Europ and US
