RSS
Market and Sector Type: 
Media & Marketing

Digital agency in MBO

Article Date:  May 01 2008

ilG Digital, a digital media agency and consultancy, has been bought by private equity firm ECI Partners and its management in a deal worth more than £45 million. Management will retain a stake of approximately 40 per cent in the business, with the remainder owned by ECI.

The management buy-out (MBO) provides the company with access to additional capital to help fund its growth plans, as well an exit for outgoing shareholders including venture capitalist Beringea.

Ingenious Corporate Finance advised the shareholders of ilG on the deal and led negotiations, as well as helping to structure the MBO.

ilG consists of four divisions: i-level, a digital media planning and buying business, web affiliate network PAN, consultancy Generator, and social networking specialist Jam. The company was founded in 1999 by Andrew Walmsley and Charlie Dobres and its clients include Orange, Specsavers and Sony.

ECI specialises in buy-outs, buy-ins and development capital deals valued between £10 million and £150 million.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

VCT Special Report 2008

A comprehensive report on VCTs and over £1 billion in investment trusts just waiting to be invested in fast growth ventures.

Cash Shells 2008

A comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.

More

Events Calendar

Rosenblatt New Energy Awards

25th February, Natural History Museum, Cromwell Road, London SW7 5BD

M&A Awards 2009

18th February, London Hilton, Park Lane, London

M&A Expanding internationally

27th November, Sofitel London St James

More

More News: Mergers & Acquisitions

Intertek deal to test Eastern Europe 

Intertek, a provider of safety services, has expanded its operations in Eastern Europe with the acquisition of a food testing laboratory in Poland.

Commoditrade takes control of AMCO 

Investment group Commoditrade has bought a controlling interest in a commodities fund with more than £65 million under management.

Moto picks up Roadchef site 

Motorway service station operator Moto Hospitality has expanded its operations on to the M3 after buying a business from a rival firm. 

More Media & Marketing: Mergers & Acquisitions

Direct marketing group changes hands

West Midlands-based entrepreneur David Grove has bought direct marketing company GI Solutions (GIS) with backing from private equity.

Essentially buys South African rugby contracts 

Sports marketing group Essentially has expanded its business in South Africa by acquiring the contracts of 40 rugby union players.

PR agency in private equity buy-out

The Television Consultancy, a broadcast and digital PR agency, has been sold to private equity firm ISIS Equity Partners for £10 million.

WPP seals double deal 

London-based marketing communications group WPP has continued the expansion of its international networks by negotiating two deals in as many days in South Africa and Denmark.

First Artist to stage US deal

A London-based media, events and entertainment group that has helped promote West End shows such as Mamma Mia! and The Sound of Music is on the verge of expanding its operations across the Atlantic. First Artist Corporation is set to spearhead campaigns for Broadway shows after agreeing to buy entertainment advertising agency SportCo of Manhattan.

Advertisement

Related articles

MBO for Welsh metals company

Non-ferrous metals supplier CG Rees has been bought out by new MD Jan Frayne, who has worked at the company for 17 years.

NVM backs ex-Ithaca management team

The former management team of Ithaca Business Media has secured £7 million from NVM Private Equity to fund a new business. CloserStill Holdings has been created to purchase mid-sized exhibitions and event businesses, which the management believes it can sell on to larger players.

European VC talent recognised

Excellence in the venture capital (VC) world was rewarded last night at the Investor AllStars awards.

Quotient Bioscience nets £35 million

A provider of analytical services for bioscience and sport has secured an investment of £35 million from private equity firm TA Associates, which takes a minority stake in the company. UK-based Quotient Bioscience, which has acquired four businesses since it was founded last year, will use the funding to fuel further acquisitive and organic growth in Europe and North America.

Poll

What's your reaction to the Pre-Budget Report?



Have your vote on current issues

People who read this also read

  • Rise of the super angels

    Too often, the meagre amounts angels tend to put into a company simply serve to guarantee failure.

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Systems

Focuses on the "information-centric" transformation that is sweeping the defense and intelligence communities.

Governing

Is a monthly magazine whose primary audience is state and local government officials: governors, legislators, mayors, city managers, council members and other elected, appointed and career officials.

More

Free prize draw!

Complete our short survey and you could win a bottle of champagne.

Click here to enter the