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).
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