Mon, 29 Jul 2024 | BUSINESS NEWS
A digital media business headquartered in Manchester is set to target acquisitions after securing an additional £5.5 million growth capital investment from BGF. KOMI Group, which was founded in 2015, creates and curates social first content across all major social media platforms.
The company, which is led by founder and CEO Andrew Trotman, Group Managing Director Sam Lenehan and Chief Financial Officer Tom Moran, initially secured a multimillion-pound investment from BGF in 2022.
Since then, the group has expanded from 40 million to 113 million followers across 46 brands, with more than 2.5 billion monthly views. The company also launched its new talent offering KOMI Talent, which has registered year-on-year growth of 130 per cent.
The new BGF funding will enable KOMI to continue its growth trajectory, while taking a greater focus on international expansion and strategic acquisitions, particularly in the US market.
Group Managing Director Sam Lenehan said: "We've experienced a period of good growth with BGF's support and created strong foundations to accelerate our global expansion. With renewed backing, we'll look at US acquisitions where we can partner with agile, independent companies to drive innovation and grow more rapidly as a combined entity.”
Lenehan continued: “We were attracted to BGF because of its flexible model and ability to provide follow-on funding so we can capitalise on growth opportunities. We're energised by this investment and have a number of live opportunities ready to put the capital to work."
The deal, as well as the original BGF investment, was led by BGF investor Rhys Davenport, who commented: Davenport added: "KOMI has significant potential for global growth and a track record of scaling its platform and reach organically. With a disruptive offering and innovative approach to the market, the team will look towards M&A to continue with this trajectory."
Find out more about the funding options available to businesses seeking to grow through M&A
An opportunity exists to purchase the business and assets of a Printed Sign & Display Business operating in the South of England. The Company produces a range of various printed signs, displays , exhibition stands, promotional items and graphics for...
Specialises in the design and distribution of marketing brochures for the tourist, accommodation and poster display sectors to mention a few. This client is dominant in its prime markets with a high proportion of exclusive locations.
This is an asset-only sale of a well-established photography and film studio located in Southampton. The business offers a comprehensive range of services, including photographic and film production, studio and equipment hire, podcast recording facil...
06
|
Nov
|
PE-backed FutureLife buys Bristol fertility clinic | BUSINESS SALE
The Bristol Centre for Reproductive Medicine (BCRM) has been...
06
|
Nov
|
QC Polymer's assets up for sale after administration | ADMINISTRATION
A West Midlands-based plastic recycler QC Polymer has gone i...
06
|
Nov
|
Management buy-back for Morph group | MBO/MBI
Edinburgh-based AFG Media has re-taken full control of the b...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.