Madrid Content City raises money from HIG
Madrid Content City, a Madrid, Spain-based operator of a hub of audio-visual facilities, announced that it secured a capital investment round.
The money was raised from HIG Capital via its H.I.G. Europe Realty Partners and will provide HIG with a 40% equity control stake.
Madrid Content City, founded by Raúl Berdonés and Pablo Jimeno, is a project part of Grupo Roots made of 5 companies dedicated to the construction and development of audiovisual business parks. Grupo Roots is developing the largest production hub in Spain, an audiovisual business park of more than 140,000 square meters that will operate at full capacity in the first quarter of 2023