Mobeus backs Media Business Insight MBO
Mobeus Equity Partners has supported the management buyout of Media Business Insight (MBI), a publishing and events business.
Mobeus, alongside Tenzing PE, provided a combined debt and equity package to finance the transaction.
Company
MBI focuses on creative industries including advertising, TV productions and film. It has four product lines: Broadcast, a trade publication aimed at the UK broadcasting industry; Screen International, a magazine detailing news and events of the film world; Shots, an industry benchmark for commercials; and Alf, a marketing and advertising tool listing contact details of professionals in advertising companies and agencies.
The company employs 70 people and generates annual turnover of £11m.
People
Conor Dignam is CEO of MBI. Chris Price is investment director at Mobeus.
Advisers
Equity – Squire Patton Boggs, Tim Hewens, Claire O'Connor (Legal); PwC, Peter Brook, Philip Duma (Financial due diligence); Fairgrove Partners, Paddy Woods Ballard, Patrick Woodrow (Commercial due diligence); Robertson Hare, Philip Hare, Kathryn Robertson (Tax).
Management – Taylor Wessing, James Goold, Rachel Greenhalgh (Legal); WK Corporate Finance, Andy Coghlan (Corporate finance).
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