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| Investment |
£3.85 Million |
| Type |
Expansion Capital |
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| Managed Funds: |
Electra Kingsway VCT 2 |
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Electra Kingsway VCT 3 |
| Date: |
1 December 2006 |
| Sector: |
Publishing (business to consumer) |
| Website: |
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| Investment | |
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Factory Media is a leading B2C publisher of extreme sports publications and associated communications. |
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The business primarily publishes 16 individual local language publications, distributed under the Onboard, Cooler, Kingpin and Surf Europe brands. |
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Factory Media works with mainstream brands such as Nokia, Levis, Top Shop and Sony in developing associations with youth markets. | | |
| Deal | |
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Electra Kingsway VCT 2 and VCT 3 (“Electra Kingsway”) provided equity capital to support growth by acquisition to diversify its publication range in order to become a leader in its niche market. |
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Factory Media plans to expand through acquisitions and development of a digital strategy. |
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Factory Media is chaired by Alistair Ramsay, who has extensive experience in international publishing and licensing, having been CEO of Dennis Publishing Limited and continues to have a number of other interests in the industry. | | |
| Investment in brands | |
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The deal demonstrates the willingness of Electra Kingsway to make significant investments in a leading consumer facing business, which has built a strong niche position in the action sports market. The financing will be used to support the company’s exciting expansion plans. | |
| Electra Quoted Management | |
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Electra Quoted Management is a leading VCT fund manager and seeks investments in cash generative, established businesses. Electra Quoted Management specialises in providing £2 million to £5 million of equity finance for management buy-outs and development capital for UK companies in transactions with an enterprise value of up to £15 million. | |
| Contact Details | |
For further information on this transaction, please contact:
Louise Farley, Electra Quoted Management Ltd, Paternoster House, 65 St Paul’s Churchyard, London, EC4M 8AB
Tel: 020 7306 3884 lfarley@electraquoted.com | |
