Cheshire-based The Hut Group has acquired £11.9m turnover marketing services agency Hangar Seven, which has offices in Macclesfield and Leeds.
The deal, the value of which has been undisclosed, has delivered an excellent return for the Catapult Growth Fund with a three-fold cash return.
Catapult invested in Hangar Seven, which has 140 full-time staff, in September, 2011 to supports its ambitious growth plans. Accounts to May 31, 2016 also show EBITDA of £1.2m and an operating profit of £0.9m.
It has hailed the agency as a "leader in the planning, creation, production and distribution of powerful content that changes consumer opinion, stimulates consumer interaction and drives retail footfall and sales”.
Its clients include DFS, B&Q, Tesco, Diago and Unilever, among others.
Private equity-backed The Hut Group, headquartered in Northwich, is a e-commerce specialist in health, beauty, fitness and lifestyle and is home to well-known online brands such as Myprotein, lookfantastic and more.
It operates more than 100 high-profit websites that sell premium, non-perishable FMCG direct to the consumer.
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