The leadership team of Professional Adviser's parent company Incisive Media have secured a management buyout (MBO) that allows the business to accelerate its growth strategy under long-term private ownership.
The MBO was led by Incisive's founder and chairman Tim Weller, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley, who have worked together in the business for two decades.
Weller said: "This exciting development allows Incisive Media to operate as a fully independent private company. It gives the business the flexibility to focus on investing in both its existing market-leading products and services and to take full advantage of further opportunities for growth, either organically or through acquisition."
He added: "This is a fantastic outcome for the business and staff after a number of years of private equity and bank ownership.
"As an independent company, we now have the flexibility to advance our business and take full advantage of the significant opportunities that lie ahead. We have great people and brands and I am excited about the future."
'Award-winning people and products'
Whiteley commented: "This structure allows the management team to focus on the long term and the continued development and investment in our award-winning people and products for the benefit of both our audiences and our clients."
Incisive Media, a multi-award winning digital information and events business, was founded in 1994 by Weller through the launch of Professional Adviser's sister brand Investment Week.
The group was voted the AOP Digital Publisher of the Year in 2010, 2013 and 2016 and is shortlisted as Media Company of the Year in the upcoming British Media Awards 2017.
With offices in London and New York, Incisive Media informs and enables professionals in the dynamic financial and technology industries to drive their sectors in the global economy and serves three distinct markets - wealth management, pensions and enterprise technology.
The group's wealth management brands include Professional Adviser, Investment Week, Cover and Retirement Planner while its pensions brands are Professional Pensions and Workplace Savings and Benefits.
Its enterprise technology brands meanwhile include Computing, CRN, Channelnomics, BusinessGreen.com, V3 and The Inquirer.
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