Wed, 04 Feb 2015 | MBO/MBI
The publisher of Broadcast, Media Business Insight (MBI) has finalised its management buyout from Top Right Group.
The buyout deal was backed by Mobeus Equity Partners. MBI's brands include Broadcast, Shots, ALF, Screen International and BRAD, providing services in the media sector across broadcasting, advertising, film, marketing and media services.
MBI has a turnover of £11 million and 70 members of staff.
The deal is Mobeus' first of the year and hailed as the largest in its history. Supporting the management buyout, Mobeus has provided a combined debt and equity package after being first introduced to MBI via another investor in the business, Tenzing PE.
MBI chief executive Conor Dignam commented: “We were looking for partners and backers who shared our vision for the future development of the great brands we have in MBI.
“Mobeus stood out with its ability to mobilise quickly, use its previous sector expertise to rapidly get to grips with our business and deliver on what they promised against a challenging timetable. We are looking forward to working alongside Mobeus over the coming years.”
Mobeus investment director Chris Price added that they look forward to supporting the already experienced and successful team and building further on the firm's position as a market leader.
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