CASE STUDY & PORTFOLIO

PEI Media Group: Investing in digital and content

Management buyout supports development and growth of specialist media business.

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Sector
  • Technology, Media, Telecoms

PEI is one of the leading financial media groups dedicated to alternative assets globally.

Employees: >150

Deal type
  • Management buyout
Exit type
  • Private equity sale
Exit date

08/06/2018

Current
  • Reinvested
Re-investment date

24/07/2018

The Team
LDC Region

PEI Media provides information, analysis and connection for senior professionals in the alternative asset classes of private equity, real estate, infrastructure, private debt and other, newer emerging classes such as agriculture.

Developing the firm’s capabilities

In September 2015, we backed a management buyout of PEI Media to support a strong management team led by chief executive Tim McLoughlin in return for a minority shareholding.

Following the deal, the business significantly invested in the development of its digital and content capabilities, enhanced its subscription offering and doubled revenues from its events arm, which now has a portfolio of premium international annual conferences.

As a result, the business grew its revenues by 78 per cent to more than £32m in the financial year ending December 2017, with employee numbers increasing by 30 per cent during the same period.

Having LDC on board as our private equity partner has given us the support needed to drive the business forward. We are now well placed to continue our growth journey, as we look to consolidate our position as the market-leading information group for alternative assets.”
Tim McLoughlin, Chief Executive
PEI Media Group

A continuing relationship

In June 2018, we exited the investment in a sale to Bridgepoint Development Capital.

The transaction provided a money multiple return of 3.5x and an IRR of 70 per cent for LDC.

A month later, we completed a minority reinvestment in PEI Media alongside Bridgepoint Development Capital, the company’s founders and its management team.