Bob the Builder owner prepares for a disposal

Mon, 20 Sep 2010

HIT Entertainment, the group behind popular children’s TV and book characters Thomas the Tank Engine and Bob the Builder amongst others, is being prepared for a partial or complete sell-off by private equity owners Apax Partners.

Apax had to renegotiate its borrowings for HIT when it experienced a fall in demand during the economic downturn. DVD sales in the US in particular took a nosedive. It has begun to work with the banks on the anticipated business sale.

Apax bought the children’s media rights business in March 2005 in a deal worth around £489 million.

Either Thomas, the most valuable asset, or the whole business will be put up for sale early in 2011. It is hoped that the disposal of Thomas will pay off a considerable proportion of the £300 million debt attached to the business.

It is considered highly likely that Disney and Viacom will put in a bid approach for HIT, which also owns Barney the Dinosaur, Fireman Sam and Pingu, purchased by HIT in 2001 for £16 million.

Established in 1989, London-based HIT Entertainment Limited posted revenues of £21.692 million for the year to 31 July 2009, down from £25.578 million for the previous year.


Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.


Latest Businesses for Sale


Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000
Location: 

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...


Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...


Suppliers of Souvenirs - Derbyshire

Asking Price: 
Turnover:  £1,200,000
Location: East Midlands

With over £60k worth of trading, the company has a very reputable name within the tourist and leisure market. Excellent potential...


View More Businesses for Sale >>