Thomson Video Networks is to get a new investor in the shape of Edmund de Rothschild Investment Partners.
Thomson itself is a technology broadcast company specialising in video compression, transcoding and processing for media businesses. Headquartered in Rennes, France, the company had offices in 16 countries. Thomson sold off its Technicolor division in March 2011. Thomson is currently part of the Fonds de Consolidation & Développement des Entreprises (FCDE) business. It is not yet clear what the precise terms of the investment are.
Edmond de Rothschild Investment Partners is the private equity affiliate of the Edmond de Rothschild Group, which specialises in asset management and private banking. EdRIP is dedicated to minority investments in privately owned companies.
A joint statement said that the investment would help “drive the company into a new era of growth and industry leadership in broadcast, OTT and multi-platform video delivery”.