Momentum Corporate Finance advises on sale of Origin Publishing Holdings Limited
Momentum has advised the shareholders of Origin Publishing Holdings Limited (“Origin”) on its sale to BBC Magazines Limited as part of its £121 million sale to Exponent.
Client's view
Momentum delivered the result we were looking for when we first began working with them back in 2006. Since the original management buyout, they have been with us throughout the entire journey, always being available to provide advice and assistance. The support over the last five years has been invaluable. We wanted the personal and long term approach which Momentum offered and we would unreservedly recommend them to any management team considering a buyout or company sale.Andy Marshall, Managing Director of Origin
Overview
Origin’s magazine portfolio includes craft titles, hair interest titles and specialist hobby titles including the award winning "220 Triathlon" title. The business is based in Bristol and employs 70 staff. The business generated revenues of £11.4 million and operating profit of £1.1 million in the year to 31 March 2011.
The original buyout saw the management team, led by Andy Marshall (Managing Director) and Graham Rose (Finance Director) take a majority stake in the business.
Key features
- Momentum were lead advisers to the shareholders in the initial management buyout in 2006.
- Momentum have worked with the business over the past five years, helping deliver the best results for the shareholders.
- The majority shareholders will remain with the business in its new chapter under the name 'Immediate Media Co'.
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