Magazine article Screen International

Screen Gets New Owner as Mobeus Backs MBI

Magazine article Screen International

Screen Gets New Owner as Mobeus Backs MBI

Article excerpt

Media Business Insight, publisher of Screen International, had been bought by Mobeus Equity Partners backing a management-led buy out of five media brands from the Top Right Group.

MBI has an £11m turnover and 70 staff working across five brands, Screen International, Broadcast, shots, ALF and BRAD.

Between them the MBI group covers the media sector across film, broadcasting, advertising and marketing and media services.

Mobeus has provided a combined debt and equity package to support the management buyout of the media company which includes online and print subscription brands and an awards and conferences operation.

The transaction represents Mobeus's first investment of 2015, following £32m investment in 2014 in six companies, and seven investments realised generating cash profits of more than £60m to investors.

Mobeus was introduced to the transaction by Tenzing PE who have invested in the business.

Conor Dignam, CEO of MBI, said: "We were looking for partners and backers who shared our vision for the future development of the great brands we have in MBI. …

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