Business activity and description
Ocean Media is a long established and highly profitable UK magazine publisher and exhibition organiser, addressing both trade (B2B) and consumer (B2C) sectors. It has an asset base comprising three market leading businesses: Social Housing (including Inside Housing magazine and the Chartered Institute of Social Housing Annual Conference), Weddings & Bridal, (including The British Bridal Exhibition, The National Wedding Shows and Bridal Buyer magazine) and Leisure & Outdoor (including National Boat and Caravan Outdoor Show). Ocean also has a portfolio of other Trade and Consumer publishing assets (including The Negotiator, Geriatric Medicine and Build It).
Deal Information
- Deal size:undisclosed
- Deal type:MBI
- Turnover:£ 29 million
- Bought from:Ion Equity, Anglo Irish Bank and Management
- Date of investment:October 2007
Investment rationale
AAC Capital Partners has put together a highly experienced management team, led by Trevor Barratt, previously managing director of the Builder Group and a Divisional MD within UBM plc. Tony Tillin, who chaired two of AAC’s previous investments in the sector, Puzzler Media and Quantum Business Media, has joined as chairman. The strategy is to accelerate the company's organic growth, drive revenues in digital media and expand by selective acquisition.
