FRP supports Finelight Group on another major acquisition.

FRP’s Financial Advisory team supports B2B media, events and information group, Finelight Group Ltd, expand its footprint across the UK’s B2B media sector.

Background

Finelight Group Ltd has become one of the UK’s fastest-growing B2B media and events groups, with a global offering of digital media, events and marketing solutions.  The company aims to strategically build a closely connected network of leading media, events and marketing businesses in order to strengthen their offering in the market.

Having previously supported the group on its acquisition of A Team Consulting Ltd and Tungsten Publishing Ltd, FRP was once again engaged to advise on its latest strategic expansion of multimedia company, Crosby Associates Media Limited.  

Action

FRP Financial Advisory Director, Joanne Price alongside Corporate Finance Partner, Chris Adlam, undertook financial due diligence for the Finelight group and the lender. Our team carried out detailed financial analysis of Crosby Associates Media and the wider group’s financial forecast to provide clarity to the lender on capacity to service debt, while identifying potential risks associated with the transaction.

Outcome

Following our review, the lender approved the additional funding, enabling Finelight Group to successfully acquire Crosby Associates Media on schedule.

Crosby Associates Media adds more than 30 established media and event brands to Finelight’s portfolio, alongside a monthly readership of over 400,000. Its capabilities span print and digital media, events, video, and bespoke contract publishing for membership bodies, an area Finelight says will play a key role in its expansion.

By combining the two businesses, the group aims to strengthen its national reach in the Housing, Construction and Built Environment sectors, expand its membership communications offer, grow multi-channel opportunities, and enhance its audience and data depth across core professional markets.