Emma Jones 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 Emma Jones 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.”
Emma qualified as a Chartered Accountant in 2002. Since then, she has specialised in corporate finance, joining BTG-McInnes in July 2006. She has extensive experience in advising the SME market on fundraising, re-financing, acquisitions and disposals, across a broad range of industries.