Atresmedia exits Fever with €227M stake sale to Vitruvian
What's the deal? AtresmediaDealroom has a profile for this one. Try Dealroom → has sold its entire stake in the events and entertainment platform Fever for roughly €227 million. The Spanish media group held more than 5% of the company, and the sale generated a net after-tax gain of €205 million, according to a filing with Spain's National Securities Market Commission (CNMV).
Who's buying? The buyer is Vitruvian PartnersDealroom has a profile for this one. Try Dealroom →, a growth-focused investor with a track record backing companies such as Just Eat, Wise, and Skyscanner, sources close to the deal told EFE.
The bigger payout: Adding earlier divestments made in 2023 and 2024, Atresmedia has now taken in €296 million from Fever, generating a total after-tax profit of €264 million.
Why now? Atresmedia first invested in Fever in 2015 through its Spanish subsidiary, then took a stake in Fever LabsDealroom has a profile for this one. Try Dealroom → in 2018. Since then, the company says Fever has seen "very significant" growth and major international expansion, becoming one of the leading global tech platforms for leisure and entertainment experiences.
What did they build together? The two firms collaborated on projects including the 2018 Money Heist Escape Room, which drew more than 70,000 visitors and helped Fever open doors with Netflix and other major US studios.
The signal: The exit marks a clean, high-margin return for Atresmedia's diversification arm and hands Fever a new backer experienced in scaling consumer platforms. It also underscores how a legacy broadcaster's early bet on an experiences startup can outlast the partnership itself.
Read more: intereconomia.com
