ISIS Equity Partners has invested in Encore Tickets in a founder-led MBO with a deal value in excess of £20 million.

ISIS Equity Partners has invested in Encore Tickets in a founder-led MBO with a deal value in excess of £20 million.

Encore sells and distributes theatre and other attraction tickets through a combination of its own website, online affiliates, retail shops and coach and tour operators.

The company has demonstrated consistent growth since it was founded and is now looking to accelerate its plans as it moves to the next stage of its development.

John Wales and Ashley Herman who worked together at First Call Group founded Encore in 2000, initially distributing tickets to coach companies, group and tour operators and through reader offers.

The investment by ISIS will enable the company to take advantage of its growing presence in the business-to-business online arena and consolidate its position in the market.

In 2006, Encore acquired Advanced Box Office and this was followed in 2008 by the acquisition of Capital Breaks. In 2009 the business moved to new offices in Holborn and sales had reached just over £40 million.

Javelin Group provided commercial and operational due diligence for ISIS, led by Javelin Group COO, Richard Wolff.