Palamon exits OmniBus via €36.4m trade sale

The sale follows Palamon's full exits from Nordic consumer credit company Nordax Finans AB and theme park operator Moviepark Germany, and partial exits from payments specialist Retail Decisions and independent wealth advisor Towry. In total, the London-based investor has generated over €200m of returns from realisations in 2010 to date.  

Although few details of Palamon's original entry into OmniBus are available, it is thought that the company was acquired in 2001 from the administrators of its German listed parent.  In 2004 Palamon invested $12.5m of additional capital to fuel the company's growth plans. 

OmniBus, headquartered in Loughborough, is a world-leading developer of software systems for television broadcasters and video content distributors over mobile and internet platforms. In the year to end June 2010, the company is reported to have generated an EBITDA of approximately €3m on sales of some €18m.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Julian Longhurst on +44 20 7004 7449 or julian.longhurst@incisivemedia.com

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