Calculus exits Once Upon A Time in management buy-back

The firm, which invests from a series of EIS funds, has made a return of 1.8x money on the deal, according to reports.

The company’s management team, including CEO Joe Garton, co-founders Di Charlton and Rob Ward and CFO Dan Miller, led the transaction.

Tosca Debt Capital has provided a first lien facility to support the acquisition.

Previous funding
In 2015, Calculus Capital invested £2.5m in the company.

Since its foundation, OUAT has acquired seven marketing agencies in the UK and the US.

Company
Founded in 2013, OUAT offers a range of marketing services, including advertising, branding, media, in-store marketing, and the production of physical and digital assets. Headquartered in London, OUAT counts brands such as Disney, Universal Pictures, Warner Bros, Netflix, William Grant and BMG Music as clients.

For the year ended 30 April 2018, the company reported operating profit of £238,033 from revenues of £9.4m.

People
Once Upon A Time – Joe Garton (CEO, co-founder).
Tosca Debt Capital – Gary Davidson (partner).

Advisers
Company – Livingstone Partners (corporate finance); TDC (legal); Addleshaw Goddard (legal).

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• Topics
• Exits
• UK / Ireland
• Consumer
• Venture
• United Kingdom
• Management buyback
• Calculus Capital