Investment company RCapital Partners has acquired ES Broadcast Hire from its parent company ES Media Group Limited.
The new company will be led by Warren Taggart as managing director and Chris Eyles as chief operating officer.
The acquisition follows a complex restructure of ES Broadcast Hire’s parent company and wider group, with ES Broadcast Hire now an independent, standalone business following the investment by Rcapital.
Commenting on the transaction, Taggart said: “We are delighted with the investment from Rcapital, which facilitates the carve-out of ES Broadcast Hire from its wider group and provides the business with an excellent platform for growth. There are huge opportunities to scale the business, with focused investment. We are excited to have found a partner who have demonstrated a deep understanding of our business and clear alignment on strategy.”
Chris Campbell, partner at Rcapital added: “ES Broadcast Hire is a genuine market leader in the provision of high-end broadcast equipment across the world. It is already a highly successful and profitable business, and we look forward to working with the excellent and highly motivated management team to support them in their growth plans. This has been a highly complicated transaction, and we would like to express our thanks to the advisors who supported the transaction.”
ES Broadcast Hire also owns Crosspoint, a complementary but standalone business based in
Spain.
