Incisive Media - the media business that owns Professional Pensions - has been acquired by its founder and leadership team in a move it says will allow it to accelerate its growth strategy under long-term private ownership.
The management buyout (MBO) was led by founder and chairman Tim Weller, chief financial officer Jamie Campbell-Harris, and chief executive Jonathon Whiteley - a team that have worked together in the business for two decades.
Incisive says the development allows the business to operate as a fully independent private company giving it the flexibility to be able to focus on investing in both its existing market leading products and services and to take full advantage of further opportunities for growth either organically or through acquisition.
Commenting on the MBO, Weller said: "This is a fantastic outcome for the business and staff after a number of years of private equity and bank ownership.
"As an independent company, we now have the flexibility to advance our business and take full advantage of the significant opportunities that lay ahead. We have great people and brands I am excited about what lies ahead"
Whiteley added: "We are really excited about the future and opportunity ahead. This structure allows the management team to focus on the long term and the continued development and investment in our award-winning people and products for the benefit of both our audiences and clients."
Incisive Media was founded in 1994 by Tim Weller, through the launch of Investment Week. It is a multi- award winning digital information and events business. Incisive Media was voted the AOP Digital Publisher of the Year in 2010, 2013 and 2016 and is shortlisted as Media Company of the Year in the upcoming British Media Awards 2017.
The firm serves three distinct markets - enterprise technology, pensions and wealth management. Its brands and publications include: Professional Pensions, Workplace Savings and Benefits, Investment Week, Professional Adviser, Retirement Planner, Computing, CRN, BusinessGreen.com and V3.
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.
Have your say: Should trustees be held accountable for the security of data and assets in the event of a cyber attack?
In this week's Pensions Buzz, we want to know if you agree that trustees be held accountable for the security of data and assets in the event of a cyber attack.
Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.
The Association of Member Nominated Trustees (AMNT) has officially launched a working group focused on dismantling the “overly complex and archaic” barriers to trustee voting.