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PE firm backs publishing MBO

Publishing - Private equity company Lonsdale Capital Partners - SantanderCB

Private equity company Lonsdale Capital Partners has taken a majority stake in specialist publisher Ocean Media Group as part of a management buyout. Santander Corporate & Commercial provided debt funding for the deal. Ocean, which has a base in Coventry, runs events and produces specialist publications for the bridal, wedding and social housing sectors. The MBO has been led by Ocean's existing management team of David Watt and David Moran. Moran will become Ocean Media's chairman, while Watt will run the business on a day-to-day basis.

 

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