Mon, 14 Dec 2015 | MBO/MBI
A communications agency based on the Welsh border town of Chepstow has been the subject of a management buyout.
On Screen Productions (OSP) and its life sciences and healthcare division OSP Healthcare, has been bought out by Vikki Byrne, Lydia Owen and Mike Dyson. The group began preparations for their purchase two years ago, having approached advisory firm KTS Owens in 2014, but the deal has been completed and they have taken up ownership away from the previous owners, Richard Cobourne and Alison King, who have recently announced retirement plans.
Mr Dyson commented on the acquisition: “We used our own finance as well as a loan from Finance Wales to fund the purchase.
"We now have the flexibility we need to expand the business by capitalising on OSP's proven business model."
Founded in 1993, OSP began life as a corporate video production company but has since grown into a full-service communications agency.
Alun Thomas, senior investment executive with Finance Wales, said that the planning undertaken by the new team meant that they were able to deliver on a “seamless transition”.
He added that the extra time they gave themselves also enabled them to explore potential funding options to access the best setup in terms of financing.
View more businesses for sale in Wales.
This UK-based company is a leader in specialist cleaning services, boasting top-tier equipment and an impressive client retention rate, while accredited by several key industry bodies. With an experienced operations manager capable of independently d...
This business, known for its expertise in bespoke modular and containerised data centres, stands out with its impartial product advice and commitment to quality, as evidenced by its ISO 45001 and ISO 9001 certifications. With 70 active clients and a...
his well-established company offers unique and premium behavioural training solutions and fully managed feedback services, making it a leader in the learning and development sector. With a strong client base and a reputation for facilitating high lev...
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.