Campden completes buyout

Fast growing magazine producer Campden Publishing has concluded a £6 million management buyout backed by Matrix Private Equity Partners and Beringea, both of which run VCTs.

Managing director John Pettifor led the deal.

Campden specialises in producing publications in the healthcare and wealth management arenas. Most of the revenues come from advertising in such titles, half of which are in-house magazines for trade bodies such as the Royal College of GPs. The group also receives income from events related to the magazines.

Matrix put in £2.5 million into the deal and the two ProVen VCTs run by Beringea invested £1.5 million. HSBC provided the banking part of the transaction.

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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