Momentum has advised the shareholders of Origin Publishing Holdings Limited (“Origin”) on its sale to BBC Magazines Limited as part of its £121 million sale to Exponent.
Origin’s magazine portfolio includes craft titles, hair interest titles and specialist hobby titles including the award winning “220 Triathlon” title. The business is based in Bristol and employs 70 staff. The business generated revenues of £11.4 million and operating profit of £1.1 million in the year to 31 March 2011.
The original buyout saw the management team, led by Andy Marshall (Managing Director) and Graham Rose (Finance Director) take a majority stake in the business.