
UK - Ingenious Media Active Capital unveils board appointments
Ingenious Media Plc has announced that Tony Ball and Neil Blackley have agreed to become chairman and non-executive director respectively of Ingenious Media Active Capital, the closed-ended investment company which will be incorporated in Guernsey and which it is intended will IPO on AIM.
Neil Blackley was, from 1996 to 2003, the head of the UK and European media research team at Merrill Lynch, was previously media analyst at Goldman Sachs and was consistently rated No. 1 media analyst in the Extel survey. He is also chairman of the Apax Media Advisory board and a director of Ingenious Media and Stage Three Music.
It is intended that IMAC will raise up to £250m at the time of its admission to AIM and will make investments in the media sector, which includes film, television, music, interactive entertainment, marketing services and business and consumer publishing.
IMAC’s strategy will be to generate returns for its shareholders through realising capital gains from investments in media companies. IMAC will focus on unquoted ‘mid-stage’ companies with high growth potential and will seek to achieve a balance between a number of sub-sectors, size and risk profile. Investments are likely to be predominantly, but not exclusively, in the UK.
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