UK - IBIS Media VCTs attract investment

Early investors in IBIS Media include: Chris Ingram, the well known marketing services entrepreneur who sold his company Tempus Plc to WPP Group for £432m; Kelvin McKenzie, the former editor of the Sun newspaper; and Richard Desmond, proprietor of the Express Newspapers. Other investors include Michael Alen-Buckley, managing director of RAB Capital.

IBIS Capital announced the launch of its VCT offering on February 8 2006. It is seeking to raise a £30m fund focusing on smaller private UK media companies. The final date for applications is 28 April 2006.

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