BTG Corporate Finance advises management team on successful MBO
Jeff Barber and Helen Lowe of BTG Corporate Finance in Manchester have advised the management team in the successful MBO of Metropolis Group Ltd.
The Company operates the most successful independent recording and production facility in Europe. Many household names have recorded albums at the studio including Queen, The Rolling Stones, Paul McCartney, Oasis and the late Amy Winehouse.
The acquisition was led by Managing Director, Ian Brenchley and funded by Twenty Ten Capital LLP, with Parminder Basran taking a seat on the Board.
Commenting on the MBO Jeff Barber said:
“Metropolis has had to deal with some significant changes within the industry over the last few years. However the Company is now well positioned with the new management team for a period of sustained growth.”
Parminder Basran said:
“After our investment in lp33.tv (online music channel and joint venture partner for the McDonald's Channel) in California, USA, the Metropolis Group is our second media and entertainment deal at Twenty Ten Capital and our first in the UK. We feel we have backed an extremely youthful, bright and energetic management team to firmly move the group to become a modern, forward thinking and innovative digital media, gaming and entertainment business.”
Jeff has 30 years experience in corporate finance, during which time he has advised on a broad range of industry sectors and transactions ranging from start ups to £100m+ MBOs.
Jeff joined BTG McInnes in 2006, bringing with him a specialist team, who now concentrate on acquisitions, disposals, MBOs/MBIs & raising development capital, predominantly in the owner managed SME sector. He has also completed in excess of 20 deals in the last few years, involving business angel investment.