Catapult injects £1m into Hangar Seven
Catapult Venture Managers has invested ТЃ1m in creative production agency Hangar Seven.
The funds will support further development of the company's facilities and expansion of its service offering. Catapult Venture worked with Hangar Seven's team for over a year to fully understand the company's culture before concluding the investment.
Company
Established by media professionals just over two years ago, Hangar Seven supports the marketing needs of retailers and consumer brands. It delivers services including photography, publications and advertising production to 87 countries worldwide.
Hangar Seven made its first acquisition in 2010 and now has facilities in London, South Manchester and Portugal. The company works with clients including B&Q, Adidas, DFS and WH Smith.
People
Richard Bucknell and Ed Wass, both from Catapult, worked on the deal.
Advisers
Equity – Browne Jacobson, Richard Medd (Legal); RSM Tenon, James Carnegie (Financial due diligence).
Company – Rosenblatt Solicitors, Elizabeth Shaw (Legal).
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