Mobeus hits the big screen
Mobeus Equity Partners has provided a combined debt and equity package to support the management buyout of Media Business Insight Limited, the UK’s leading publishing and events business focused on the creative industries: advertising, TV production and film.
The Group employs over 70 staff and has an annual turnover of £11m across four product lines:
• Broadcast - the principal publication for those working in the UK broadcasting industry, Broadcast provides unrivalled news, analysis and commentary on the broadcast industry. Its flagship annual event, the Broadcast awards is on Wednesday 4th February;
• Screen International – the leading film industry resource covering the international film markets including the Oscars, Cannes and the Berlin Film Festival;
• Shots – the industry benchmark for internationally leading commercials.
• Alf – the UK’s leading marketing and advertising intelligence tool, with contact details of more than 40,000 decision makers at advertisers and agencies.
The UK film and TV industries are in the ascendancy with 13 Oscar nominations alone in 2015. All of the major studios in the UK are busy, producing world class content. MBI sits at the heart of these industries providing news, data and events to both the UK market and beyond. Mobeus is proud to play a part in this dynamic industry.
The transaction represents Mobeus’s first investment of 2015. It follows a very successful 2014 for Mobeus with £32m invested into six companies, and seven investments realised generating cash profits of over £60m to investors.
Mobeus was introduced to the transaction by Tenzing PE who have invested in the business.
Conor Dignam (CEO of MBI) said:
"Having met with a number of different potential funding partners 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.”
Chris Price, Investment Director at Mobeus, commented:
“We are delighted to back an experienced and successful team who have proved their ability to deliver sector leading multi-platform information resources and events. From our first meeting we felt that we had identified our primary requirement in MBI, namely a business run by enthusiastic and committed people. We look forward to supporting Conor and his team over the next few years as together we invest in the business to build on its market leading positions.”