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News in brief: Advent gains 12% stake in TV channel operator

Advent International has invested $12m (€13.6m) in Zone Vision to acquire a 12% stake in the international broadcaster and distributor of cable and satellite channels.

George Swirski, director of Advent International, said that the private equity firm was attracted to Zone Vision's ability to package content tailored for specific markets. Zone Vision operates a series of channels, including Romantica, a channel that broadcasts Latin American television dramas. The company licences the rights to package and distribute its programs from content producers. It began operations in central Europe in 1991 and currently has about 25 million viewers in Europe, Africa, and Asia. There are plans to expand into Latin America and the US.

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