We are delighted to announce that Buckingham Corporate Finance acted as financial advisors to the Board and shareholders of RLA Group Limited (“RLA”), which has been acquired by AIM listed The Mission Marketing Group plc (“Mission”).
RLA was owned by its management team and funds managed by ISIS Equity Partners. ISIS originally invested £2.35m through its Baronsmead VCT funds in a £3.6m replacement capital transaction in December 2002. The sale to TMMG yields a multiple of 3.7x to ISIS’ clients.
RLA is a leading regional marketing and communications agency, with offices in Bournemouth, Belfast and Edinburgh. It specialises in on-line and offline communications and media buying for national and international clients, particularly in the automotive and retail sectors. It employs 60 staff.
RLA’s clients include a number of companies in the Volkswagen Group, Direct Wines, Goodyear Dunlop, Kingfisher plc, Mace and Teleflorist. For the 12 months ended 31 May 2007, RLA reported turnover of £12.8m and normalised profit beforeinterest and tax of £2.1m.
Mission (AIM:TMMG) is a fast-growing listed national marketing communications and advertising group.
