Thu, 04 Apr 2019 | BUSINESS SALE
International B2B media company Last Word Media has been acquired by Bonhill Group for up to £10 million.
Founded in London by Rob Boulogne, Jamie Hinchliffe and Dylan Emery in 2005, Last Word Media also has offices in Hong Kong and Singapore which are headed by co-founder Tom Porter. The company provides information required by those in the wealth management industry, and addresses the sales and marketing needs of clients in global asset management.
More specifically, the business generates content, sales and marketing campaigns, and leads networking events to support its clients in increasing assets under management.
The company has a portfolio of 190 clients, and some of its major customers include Allianz Global Investors and BNY Mellon Investment Management.
Bonhill will acquire Last Word Media through an initial cash consideration of £6 million and £2 million in share issues, and a deferred payment of £2 million depending on Last Word’s financial performance in the years ending 31 December 2019 and 31 December 2020.
Last Word Media generated a revenue of roughly £10.2 million in the year ending 31 December 2018 (up from £9.2 million in 2017) with an EBITDA of £1.1 million (£0.3 million in 2017). In 2018, it had acquired net assets amounting to £1.42 million – an increase from £0.78 million in the previous year.
In this time, 71 per cent of all revenue was generated in the UK, with 59 per cent of the total a result of producing live events, 26 per cent due to providing business information, and 15 per cent generated from data & insight and content marketing.
Chief executive of Bonhill Group, Simon Stilwell, said: “We are pleased to announce the acquisition of Last Word, a leading international B2B media business servicing the global asset management sector. Bringing our two businesses together will enable Bonhill to provide a truly global sales and marketing proposition to the international asset management community and provides the opportunity to leverage InvestmentNews’ presence and platform to expand its existing propositions in the US. These are exciting times for the company, and we look forward to the period ahead.”
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
The company caters exclusively to the gambling industry and e-sport industries across the globe. Its unique approach to the market, exclusive rates and key relationships has allowed it to become the go to marketing agency for this sector. Offers invi...
RELOCATABLE
Manufacturer of shop fittings, signage displays, event fit-outs, permanent & temporary exhibitions, & interior display products. Works in conjunction with international event promoters, particularly golfing & tennis events, to deliver high-quality sp...
Point-of-sale (POS) installation contractor, specialising in the roll-out of visual marketing campaigns in major retail chains throughout the UK, ROI & Europe. Services include fitting of display units, installation of signage, updating of light boxe...
|
27
|
|
May
|
Food-to-go supplier calls in administrators | ADMINISTRATION
Adelie Foods, one of Britain’s biggest suppliers of sa...
|
26
|
|
May
|
Luxury fashion brand DVF Studio enters administration | ADMINISTRATION
DVF Studio, the UK business of fashion designer Diane von Fu...
|
24
|
|
May
|
Over 50 hotels and travel brands up for sale as leisure company collapses | ADMINISTRATION
The parent company of coach holiday company National Holiday...
Sign up to receive our acquisition alert emails to get your FREE guide
|
17
|
|
Jan
|
Bruntwood sells off Manchester property | BUSINESS SALE
Property firm Bruntwood is to begin sell off some off its pr...
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