Independent private merchant bank NIBC has taken a 25% stake in Dutch media mogul John de Mol’s investment company Talpa Capital and set up a e1 billion ($1.2 billion) technology, media and telco fund to invest in companies.
Talpa Capital was launched as a vehicle for de Mol investments before he left Endemol, the company he co-founded with media entrepreneur Joop van den Ende. Both became billionaires when they sold Endemol to Telefonica in 2000.
De Mol has since started up a handful of other media companies in Holland under the Talpa Holding umbrella, among them a local broadcast venture and music publishing division.
It’s the first time that Talpa is exposing itself to outside capital.
Talpa Capital will change its name to Cyrte, which Talpa says stands for “reliable value.”
The new fund will only be open to professional investors.
NIBC is focused on the mid-market segment in Northwest Europe, and has offices in London, Brussels, The Hague and Singapore.