Chepstow communication agency in MBO

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.


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources