Gresham-backed JGG bolts on Rabbit Vocal Management

Susannah Birkwood
11 October 2011

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James Grant Group (JGG), a services provider owned by Gresham Private Equity, has acquired Rabbit Vocal Management, a major London-based voiceover management company.

The acquisition is in line with JGG's aim to widen its range of marketing services, as outlined in its buy-and-build strategy instigated alongside Gresham two years ago. Gresham established JGG through the management buyout of five of AIM-listed Formation Group's businesses in August 2009, in a deal valued at £20.75m. At the time, the private equity firm said it believed the companies had attractive growth opportunities, which it was keen to take advantage of through bolt-on acquisitions.

Cheshire-based JGG provides management and professional services to clients within the broadcast media, music and sports sectors. It employs more than 60 people. Rabbit Vocal Management represents its fifth bolt-on since 2009, with previous acquisitions including the entertainment element of Birmingham-based accountancy practice Michael Kay as well as another specialist accountancy company, Anthony Addis & Co, last year.

JGG was attracted to Rabbit due to its highly regarded status in the industry. The acquisition will allow the parent company to provide services it had previously outsourced, cross-sell existing services to Rabbit's artist clients and utilise its corporate clients within its marketing division.

Legal advisers on the deal included DLA Piper and Capitalo Law.

Mike Wallwork, COO of JGG, revealed that the company intends to add further bolt-ons which focus on the music, sport and entertainment sectors in the coming years.