XL gets €19 million investment

XL Video has received a major investment, with €19 million of funding coming from a European investment company allowing it to move forward with its expansion strategies.
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XL Video Group Holdings has secured major new investment for the XL Group representing 19 million euros, which, says the company, will ensure that its international video rental operation will stay at the forefront of the fast-moving technological world of live entertainment visuals.

Gimv-XL, an independent European investment company with over 30 years experience in private equity and venture capital projects, is listed on Euronext Brussels.

"We are all very enthusiastic about the new partnership and the opportunities that Gimv coming onboard will bring,” said XL's CEO and co-founder René De Keijzer. “It will allow us to make major investments in new technologies in the immediate future, which will benefit all our clients and end-users. Longer term, it will allow us to strengthen our position in the marketplace and move forward with our medium term expansion strategies in Europe and the US, advancing and growing the XL Group to its next level of development."

"This is one of those Flemish companies that may not be known to the general public,” said Peter Maenhout from Gimv-XL, “but in its sector is world famous as one of the biggest names in the world of concerts and events".”

Founded in 1996, the XL Group is activer in live production video rentals covering multiple sectors of the professional entertainment and leisure industries - including concerts and touring, theatre and the arts, conferences, corporate events, presentations and experientials.
The company’s client list includes U2, The Kings of Leon and Roger Waters; car manufacturers such as Daimler-Benz, Audi, Toyota and Nissan; special events including the Papal State Visit to the UK; and high profile sporting fixtures including Moto GP and Formula One.

www.xlvideo.com

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