ISIS exits TVC to the Economist

Sonnie Ehrendal
15 March 2012

Tweet
Facebook
LinkedIn
Google plus
Send to

ISIS Equity Partners has sold communications agency TVC to the Economist Group.

The Economist Group was introduced to ISIS as a potential buyer by corporate finance advisory firm Livingstone Partners.

Previous funding
ISIS invested £5m in a £10m buyout of TVC in 2008. Equity was invested from Baronsmead VCT, and the deal was supported by a £3m debt package from Lloyds TSB Capital Markets.

Company
The TVC Group, founded in 1998, provides PR and creative services according to a content-driven model. The company is based in London and has worked with clients including Coca Cola, British Gas, Vodafone, Lloyds TSB, and Aviva.

People
Director Paul Morris worked on the deal for ISIS Equity Partners.

Advisers
Vendor - Livingstone Partners (Corporate finance).