
FF&P sells US division of Harvest Media
FF&P Private Equity has sold Telescope Inc, the US business of audience participation services firm Harvest Media Group, in a management buyout backed by HIG Growth Partners and Moorgate Partners.
FF&P has achieved a 1.9x return on its original investment.
Previous funding
In 2006, FF&P injected $8m into Harvest Media to expand the firm's operations in the UK and North America. A member of the GP's advisory board sourced the original deal.
Company
Harvest Media was established in 2004 to bridge telephony and media. In the US, Telescope provides multi-platform television audience participation services used in shows such as American Idol. The company generates revenues through the management of audience engagement, technology licences and professional services fees. Telescope partners with media networks and advertisers, social platforms and Fortune 500 companies.
In the UK, Harvest Media provides voting and marketing services to UK shows including The X-Factor and Strictly Come Dancing.
People
David Barbour is co-head of FF&P.
Advisers
Company – Mooreland Partners (Corporate finance).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater